Sales Tax Due Diligence in M&A: Uncovering Potential Liability, Applying Exemptions in Specific States
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This webinar will uncover potential sales tax liability in mergers and acquisitions. Our panel of SALT experts will review differences in sales tax liability in asset and stock sales, as well as exemptions available in most and specific states. Our panelists will walk practitioners through the due diligence needed to address potential sales tax liability in business combinations.
Outline
- Sales tax in M&A transactions: introduction
- Asset sales
- Stock sales
- State exemptions
- Common exemptions
- Exemptions in specific states
- Examples
- Best practices
Benefits
The panel will cover these and other critical issues:
- Key steps in performing sales tax due diligence for mergers and acquisitions
- Obtaining and documenting applicable sales tax exemptions for M&A transactions
- How asset sales are taxed in specific states
- Uncovering sellers' existing sales tax liability
Faculty
Matthew F. Cammarata
Counsel
Lowenstein Sandler
Mr. Cammarata handles both state and local tax controversies at the administrative and judicial levels, as well as... | Read More
Mr. Cammarata handles both state and local tax controversies at the administrative and judicial levels, as well as transactional matters. His practice focuses on advising corporate clients from a diverse array of industries on all aspects of state and local tax matters involving financial institution excise taxes, corporate income and franchise taxes, sales and use taxes, gross receipts taxes, and other business taxes. Mr. Cammarata has defended audits and litigated state and local tax controversies in jurisdictions throughout the United States. He also provides sophisticated state tax planning advice and counsels clients on the potential state and local tax consequences of complex corporate transactions. Mr. Cammarata frequently writes and speaks on state and local tax issues for leading industry publications and organizations, such as the Council on State Taxation and the Journal of State Taxation.
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Jamie E. T. Szal
Partner
Brann & Isaacson
Ms. Szal focuses her practice on assisting businesses in all aspects of state and local tax controversy, from... | Read More
Ms. Szal focuses her practice on assisting businesses in all aspects of state and local tax controversy, from regulatory and administrative proceedings through civil litigation. She came to Brann & Isaacson following several years at the Massachusetts Department of Revenue. As Counsel in both the Litigation Bureau and Office of Appeals, she focused on complex tax issues facing corporations and pass-through entities. She earned her LL.M. in Taxation and Certificate in State and Local Taxation, both with distinction, from Georgetown University Law Center.
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