TPC Tax Insights

Many states have adopted elective Passthrough Entity (PTE) regimes as a way for partners to receive the benefit of deducting state and local income tax indirectly through their pass-through entity interest(s). Mark Johnson, Senior Manager in our Chicago office, explains the origin and effects of states’ passthrough entity taxes on individuals.

Associate Producer: Anthony Bielby

Although the calendar still says its Summer, now’s the time to prepare for your company’s Fall unclaimed property (UP) compliance filings. Angelica Herrera, Senior Manager in our Unclaimed Property practice, shares helpful tips and reminders for holders as we approach the Fall UP filing season.

Download a list of these tips.

In this episode Kristin Mauer shares the mic with the leaders of our national TPaC Practice, which stands for Technology, Process and Controls. John Bennecke, Jim Hedderman and Anli Chen share their thoughts on how viewing these three critical functions together enables tax departments to more easily implement automation solutions, reduce tax risk and increase efficiencies. This episode is a MUST LISTEN for corporate tax department professionals!

One of the biggest corporate buzz words to come out of the COVID19 pandemic is ESG: Environmental Social Governance. Tax is often used as a lever to drive (and fund) economic and policy change, and a company’s decisions around tax engagement, tax incentives and tax disclosures have implications for its ESG strategies. Ryan, Kirk and Kristin discuss why companies are giving more attention to ESG & more importantly, why they should enlist the tax department to help design their ESG strategy.

On Thursday, February 17, 2022, California Assembly Bill 2280 (“CA AB 2280”) was introduced, which if enacted would finally create a long-awaited opportunity for holders of unclaimed property reportable to the State of California to report the property without the mandatory interest assessment.

Steven Swaigenbaum, Managing Director in our Unclaimed Property practice, explains (in only 8 minutes!) how this proposed legislation may create an opportunity for your company. Tune in!

Associate Producer: Anthony Bielby

Join Host Kristin Mauer and guest Anthony Bielby, Manager in our UP Advisory Group, for a short update on the trends in UP litigation and how they may affect your company this year.

In a game of “got you,” states across the U.S. are looking to increase companies’ unclaimed property filings, also known as escheat reporting. The COVID19 pandemic reduced tax revenues for many states so they’ve renewed their focus on unclaimed property compliance in order to make up the shortfalls. Troy Wangen, UP Managing Director in our Chicago office and Matthew Chenowth, UP Director in our Los Angeles office, share their advice for companies who find themselves in the “got you” game of unclaimed property reporting.

Associate Producer and Editor: Anthony Bielby

In this episode Host Kristin Mauer takes a deeper dive into calculating foreign or Non-U.S. tax expense with Long Island Director Dave Flores. For large global corporations with many foreign entities, estimating non-U.S. tax expense can be daunting and time consuming. Dave advises listeners to “tax sensitize” the general ledger in order to accurately reflect non-U.S. tax expense on your financial statements.

Associate Producer and Editor: Anthony Bielby

If you’re looking for an informed, thoughtful discussion on international tax policy, this episode is for you. We are lucky to have two experienced experts, Linda Pfatteicher, Partner at Dentons in San Francisco and Michael Chen, West Coast Regional Managing Director at True Partners Consulting, share their thoughts on the volatile state of tax policy, the proposed changes to the international tax rules and what it all means for U.S. and non-U.S. multinational corporations. Don’t miss this one!

Associate Producer and Editor: Anthony Bielby

Join host Kristin Mauer as she chats with two more awesome women at TPC, both from our Unclaimed Property group: Cathleen Bucholtz, Managing Director and National Service Line Leader and Michelle Moloian, Director of UP Compliance. Together they’ll outline the Ten Best Practices for Unclaimed Property Compliance. Don’t miss this episode!

Download our list of the Ten Best Practices for Unclaimed Property Compliance.