Morning Session: The morning session will feature a detailed New York State tax update by Mark Klein and Joe Endres including the following topics: The effect of OBBBA on State & Local Taxes including new SALT and PTET rules; 2025-2026 NYS Budget including new NY tax deductions and credits; New $5,000 threshold for corporate estimate tax payments; NYS and NYC Tax Enforcement Procedures; Residency Rules explained and highlighted; Nonresident Allocations; NYS Estates and Trusts Update; NYS Withholding Rules Update; Sales and Use Tax Update.

The afternoon session at the hotel will feature two sections. Part 1: OBBBA & International Taxation by Scott Ahroni & Andy Wang. The OBBBA has significant implications for multinational taxpayers and their businesses. The OBBBA made several welcome changes to the Foreign Tax Credit (“FTC”) rules, making it more likely that US companies will be able to use credits. The OBBBA also included name changes to GILTI and FDII. Although BEAT retains its name, its tax rate has permanently increased from 10% in 2025 to 10.5%. The OBBBA also includes a new Remittance Tax, permanent extension of the Section 954(c)(6) look-through rule for CFCs, additional downward attribution rules were added to incorporate foreign-controlled CFCs (FCFCs) in the downward attribution rules. Part 2: NJ Tax Update by Chaim Kofinas - see detailed topics below.

NOTE: The afternoon session at the webinar will feature 2 different topics - see here.

Topics & Learning Objectives Include:

Morning Session - Mark Klein & Joe Endres

• Effect of OBBBA on State & Local Taxes including new SALT and PTET rules
  
• 2025-2026 NYS Budget including new NY tax deductions and credits
• New $5,000 threshold for corporate estimate tax payments
  
• NYS and NYC Tax Enforcement Procedures
  
• Residency Rules explained and highlighted
  
• Nonresident Allocations
  
• NYS Estates and Trusts Update
  
• NYS Withholding Rules Update
  
• Sales and Use Tax Update

Afternoon Session

At the Hotel Scott Ahroni & Chaim Kofinas

At the Webinar - Choose 2 of 3 (Chaim Kofinas, Scott Ahroni, & TBD - see topics here)

Chaim Kofinas - NJ Tax Update

• NJ Inheritance Tax Trap
• Summary of NJ Taxation of Individuals
• Retirement Income Exclusion
• Partnership & BAIT Update
• Corporation Update
• Combined Reporting Update
• S Corporation Election Update
• Convenience Rule
• Sales Tax Update 

Scott Ahroni & Andy Wang - 2025 OBBBA International Taxation Update

Updates to the:

• Foreign Tax Credits (FTCs)
• Global Intangible Low-Taxed Income (GILTI)
• Foreign-Derived Intangible Income (FDII)
• Base Erosion and Anti-Abuse Tax (BEAT)
• Controlled Foreign Corporation (CFC) Rules and Subpart F

New:

• Remittance Tax
• Domestic provisions impacting and modified for foreign taxpayers
• Planning opportunities