Description

Cut through the static of applying the provisions of the Tax Cuts and Jobs Act (TCJA) at the state and local tax (SALT) level as guest Jim Pierzchalski joins host Damien Martin to reflect on key takeaways and look to what’s ahead. Here’s what’s covered:

• How the TCJA’s changes are affecting the SALT landscape @1:42
• A framework for approaching the challenges of applying the TCJA changes at the SALT level @6:00
• Applying Global Intangible Low-Taxed Income (GILTI) at the SALT level @7:43
• Applying Section 163(j) at the SALT level @10:45
• Approaching uncertainty around TCJA-related provisions and changes @14:14
• Repatriation tax under §965 @20:47
• Challenges specific to pass-through businesses @22:56
• Due diligence considerations @25:03
• Preparing for possible examinations at the SALT level @28:44
• SALT planning considerations @31:11
• Closing thoughts on sales factor treatment and basis @32:58
• Jim’s advice for staying current and the approaching deadlines @37:13

BIO FOR GUEST

Director Jim Pierzchalski is a member of BKD's State & Local Tax Services division. Jim has a wide range of state income and franchise tax experience including compliance, audit defense, refund reviews, diligence, nexus studies, planning and structuring, credits and incentives and sales factor sourcing reviews.

ADDITIONAL RESOURCES

Learn more about some of the topics discussed in the podcast:

• The GILTI Aspects of State Tax (August 17, 2018) by Jim Pierzchalski and Rick Najjar
• State Income Tax Considerations Applicable to Foreign Investment in the United States (April 26, 2019) by Bob Johnson Jr.
• State Income & Sales Tax Update for Manufacturers & Distributors (September 12, 2018) presented by Jim Pierzchalski and Bob Johnson Jr.

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