United States

Final IRC section 385 regulations: What’s a state taxpayer to do?

Monday November 14, 2016 2:00 PM - 3:00 PM EST
From KPMG TaxWatch

KPMG TaxWatch

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Event Overview

There has been much discussion—and speculation—over the state tax implications of the final and temporary IRC section 385 regulations. One of the key areas of concern is whether transactions between federal consolidated group members would be subject to the IRC 385 regulations for state purposes.

Please join members of KPMG LLP’s Washington National Tax State and Local Tax practices as they discuss the final and temporary section 385 regulations and the issues and questions that remain for state tax purposes. More importantly, the discussion focuses on how a state taxpayer should approach the 385 regulations from a practical standpoint and highlights situations where state-only issues may exist.

Scott Salmon

Partner, State and Local Tax – Washington National Tax, KPMG LLP

Ann Holley

Partner, State and Local Tax – Washington National Tax, KPMG LLP

Sarah McGahan

Director, State and Local Tax – Washington National Tax, KPMG LLP

Shirley Sicilian

Managing Director, State and Local Tax – Washington National Tax, KPMG LLP