Simply Tax® Episode 130: SALT Renaissance
While the prospect of federal tax law changes has dominated the headlines and airwaves lately, there are several significant developments taking shape in the state and local tax (SALT) space that merit your attention as well. Guests Rick Najjar, J.D., and Ted Kontopoulos, J.D., join host Damien Martin to share and break down the developments you need to know for both your personal and business tax bills. Here’s what they cover:
- How has South Dakota v. Wayfair, Inc. (Wayfair) shaped the SALT world and what does its future impact look like? @01:19
- Surprises on the implementation of Wayfair @09:46
- The future of nexus @11:37
- Developments that businesses and their owners should know @17:24
- The tax controversy “it depends” decision tree @23:35
- Remote work and what it means to work somewhere @26:27
- M&A considerations amid talk of potential federal tax rate increases @34:52
- SALT workarounds @39:42
- Closing thoughts @41:45
MORE ABOUT OUR GUESTS
Rick Najjar is a member of BKD’s State & Local Tax Services division. He is primarily responsible for SALT controversy engagements, nexus determinations, and taxability studies. His articles have been published by State Tax Notes, Journal of Multistate Taxation and Incentives, Journal of Banking Regulation, and Bloomberg Law. Rick is a graduate of University of Colorado, Denver, with a B.S. degree in accounting, and a graduate of University of Miami School of Law, Coral Gables, Florida, with a J.D. degree.
Ted Kontopoulos is a member of BKD’s International Tax Services and Tax Controversy Services divisions. He is a tax attorney who focuses on providing international tax consulting and compliance services as well as tax controversy services. He has experience in international tax planning for multinational companies, foreign individuals, and trusts in such areas as Subpart F, global intangible low-taxed income, withholding taxes, and income tax treaties. In addition, Ted provides a variety of tax controversy services, including representation before the IRS and state tax authorities, protesting tax penalties, foreign financial asset reporting, submissions under voluntary disclosure programs, documenting complex tax positions, and assisting with corporate reorganizations, mergers, and acquisitions.
Ted is a frequent speaker about tax and international topics at the Chicago Bar Association, Illinois CPA Society, and other organizations. He serves as the current vice chair of the Chicago Bar Association Young Lawyers Section (YLS) Business Law Transactions Committee, and as the co-editor-in-chief of the YLS Journal. He is also a member of the YLS Federal Taxation Committee and the Illinois State Bar Association’s Federal as well as State and Local Taxation Sections. He has published articles in Tax Notes, Journal of Multistate Taxation and Incentives, Journal of International Taxation, and University of Illinois Law Review.
Ted is a magna cum laude graduate of the University of Illinois College of Law, Urbana-Champaign, with a J.D. degree, and a magna cum laude graduate of Boston College, Chestnut Hill, Massachusetts, with a B.A. degree in political science and international relations.
- The Future of Nexus: The Due Process Renaissance After Wayfair by Rick Najjar and Ted Kontopoulos (Tax Notes, February 3, 2020)
- Understanding Wayfair: A User-Friendly Guide to the Biggest State Tax Case in 30 years by Ted Kontopoulos (September 11, 2019)
- Then & Now: An Analysis of Florida's Sales Factor 50 Years Later by Rick Najjar and Ted Kontopoulos (Tax Notes, July 20, 2020)
- Previous Simply Tax episodes
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