Instructor(s) Fahrenbach, Robert
The course will focus primarily on multistate income and sales/use tax issues. Time permitting other tax regimes such as gross receipts and transfer taxes will also be addressed. Wisconsin statutes and laws will be used as a model for discussion and to draw contrasts/ comparisons with approaches taken by other states. The course will emphasize both operational and transactional issues as well as US Constitutional ramifications of various state tax regimes. There will be special emphasis on current issues of significance and practical issues faced by in-house and external counsel. Lectures will touch on financial reporting concerns with respect to new accounting rules for uncertain tax positions. At the end of the course the student will be in a position to critically analyze statutory and regulatory rules, apply pertinent Constitutional guidance and identify issues of concern to formulate potential resolutions. The student should have completed Tax 1 and ideally Tax 2. For the Spring Term 2012 L3s enrolled in Tax 2 concurrently will be permitted to enroll.