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The subject matter for the presentation will be a discussion of the issues Devine, Millimet & Branch, PA frequently comes across when it begins a representation of a taxpayer that has been assessed additional business profits, business enterprise or interest & dividend tax. The presentation will cover:
- Planning for the sale of a business; how the timing of distributions can result in a very large tax liability; the liquidation and the dissolution of the taxpayer, documentation needed for non-corporate entities, circumstances where one of the parties to the transactions has a basis step-up of the acquired assets.
- That New Hampshire tax laws do not recognize the federal concept of a pass-through entity and the related implications under the business taxes such as statute of limitations or offsetting income with losses, when federal guidance applies or does not apply to tax provisions.
- The use of limited liability companies to conduct business activity and make distribution from current and accumulated profits prior to the repeal of the interest & dividends tax.
- The use of qualified investment companies for tax planning opportunities.
- New Hampshire’s unitary business requirements such as, but not limited to, the nature of the provision, who can be included in the unitary group, what are the characteristics and facts that must be examined and refund claims versus additional taxes owed.
- The nexus vs. apportionment requirements for corporate business taxes.
Registration Form: 2022 Spring CPE Registration Form
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