Please join us on Tuesday, November 10, for a post election seminar hosted at our San Francisco and Silicon Valley offices! The event will be held in person at both offices, with panels at each office livestreamed to the other. Lunch will be served. The program will examine the implications of the November 3 election for businesses in California and across the country. It will include topics such as: • A panel of government affairs professionals discussing legislation to watch in the coming year; • A look at what the gubernatorial transition means for California tax policy and administration; • California's approach to conforming to the federal tax changes enacted in 2025; • A post-election analysis of Proposition 40 (the proposed wealth tax); and • Updates on significant California and multistate tax developments, including digital goods, residency, private planes, and the pied-à-terre tax. The panel discussion will feature the following panelists: Robert Gutierrez, David Kline, and Jared Walczak from the California Taxpayers Association, Kasha Hunt from Political Solutions LLC, Robert Lapsley from the California Business Roundtable, and Ben Granholm from Swing Strategies - California. Follow the link below for registration. We hope you can join us for this event! https://lnkd.in/eqTbM482
About us
Our state and local tax practice is composed of more than 30 lawyers across five offices nationwide. The practice focuses on state and local audit defense and refund appeals (from the administrative level through the appellate courts), as well as planning and transactional matters involving income, franchise, unclaimed property, sales and use, and property tax issues. www.reedsmith.com/statetax
- Website
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https://www.reedsmith.com/en/capabilities/services/tax-private-client-services-and-executive-compensation/state-tax
External link for Reed Smith State Tax Practice
- Industry
- Law Practice
- Company size
- 1,001-5,000 employees
- Headquarters
- Philadelphia, Pennsylvania
- Founded
- 1877
Updates
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Our team is looking forward to hosting the Tax Executives Institute – Denver Chapter for State Tax Hot Topics Day on Tuesday, October 20th in our Denver Office! Our afternoon of programming will highlight topics such as data analytics, data privacy, data extraction, amongst other hot topics. Lunch will be provided and there will be a reception at the conclusion of the event. This event is eligible for 4 CLE credits. Follow the link below to register: https://lnkd.in/ebGc5v4M Allie Carlson, David Dorner, David Gutowski, Michael Lurie, Saba Shatara, Georgios Tsoflias
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Reed Smith State Tax Partner Saba Shatara was recently featured in a Bloomberg Tax Q&A. Saba shares his thoughts on the biggest challenges facing tax practitioners today, the state tax issues and cases worth watching, and the lessons that have shaped his practice. Read the full article here: https://lnkd.in/e-xCjzmU
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Partner Sebastian Watt is speaking at this years TEI Annual Conference in Nashville, Tennessee! Sebastian will be speaking on "State Tax Cases to Watch: Key Rulings and Strategic Implications" on Tuesday, October 20th at 9:45 am. Further information and registration can be found at the link below. https://lnkd.in/e6ZM3ezD
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Reed Smith State Tax Practice reposted this
A sincere thank you to Reed Smith LLP for being a Platinum Sponsor for TFI's Fall State and Local Tax Conference. Their partnership directly enables our team to deliver thorough technical analysis and champion balanced state tax policy at the Capitol. We deeply value your support and investment in our mission!
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Pennsylvania's Department of Revenue has revoked its longstanding taxpayer-friendly Section 163(j) guidance, now requiring corporations to apply the limitation on a true separate-company basis starting in the 2025 tax year. Read the latest Reed Smith State Tax alert from Michael Jacobs, Sebastian Watt, and Matthew Harris to learn how this change may impact your business and what positions affected taxpayers should consider to mitigate the effect - https://lnkd.in/eXR4gb8a
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Reed Smith State Tax Attorneys Saba Shatara and Marielle MacMinn, Esq. recently had an article published in Tax Notes titled "Reconsidering California’s Single Sales Factor for Manufacturers". The article proposes that the California Franchise Tax Board consider using its previously exercised authority to adopt an industrywide special apportionment regulation for manufacturers whose sales factor does not reflect the significant out-of-state capital investments supporting their production activities. Check out the article below! https://lnkd.in/eYWSvQe6
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The Pennsylvania Department of Revenue has revoked its taxpayer-friendly Section 163(j) guidance which could require corporations to apply the limitation on a true separate-company basis beginning in the 2025 tax year. The latest Reed Smith State Tax client alert from Michael Jacobs, Sebastian Watt, and Matthew Harris highlights this change and the positions impacted taxpayers should consider. https://lnkd.in/e9gtcAQx
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We are proud to be an IPT Foundational Partner for 2026, supporting IPT’s mission to provide top-tier education and resources for state and local tax professionals. Our partnership underscores our commitment to industry excellence and professional development. Learn more about IPT and its programs at www.ipt.org. #IPT #TaxEducation #KnowMoreProMore
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Partner David Dorner and Counsel Michael Rato will be speaking at this years IPT Sales Tax Symposium in Orlando, Florida! On Tuesday September 29th at 1 pm, Mike will be speaking during the "Whistleblowers and Consumers Strike Back: Navigating Sales Tax FCA Litigation and Class Action Lawsuits" session. Dave will also be speaking on Tuesday September 29th at 2:15 pm on the "Sales and Use Tax Issues During the M&A Process: Due Diligence, Exemptions, and Transaction Planning" session. Registration and further information can be found at the link below! https://lnkd.in/ermm2rms
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