May 2024 Insider

 President's Message

Entering my final months as IPT’s President, I take this opportunity to reflect on all IPT has accomplished this year and look ahead to what we can expect in the coming months.  Throughout the year, IPT experienced terrific attendance at its programs thanks to the hard work of countless volunteer committees and IPT staff.  I attended many of these programs and can attest to the quality of the material presented and how well-run each of them was.  I am proud and humbled to be part of an organization with members and staff who are so committed to educating and advancing the state and local tax community.    

Also, through the hard work of its members, IPT was able to launch a new school and welcome back another program.   This May saw IPT’s first Value Added Tax School come to fruition, led by a team of expert VAT professionals.  The School was quite well-attended and received outstanding reviews from attendees.   IPT extends its sincerest appreciation to VAT School Committee Chair Carlos Hernandez, CMI, Vice Chair Ela Choina, and the entire committee for developing from scratch the content (agenda, curriculum, presentations, case studies, exams, etc.) for this School and making it a tremendous success in its inaugural year.    

2024 also marks the return of the State Income Tax Symposium, coming November 10 – 13 in Tucson.  We are very excited to have this program back in IPT’s lineup, and I can’t wait to see the valuable information it will deliver.  This Symposium committee is hard at work preparing a program worthy of our IPT members and guests.

On another encouraging note, IPT’s Board of Governors approved a new scholarship opportunity for the Advanced Property Tax Schools this year.  These scholarships consist of one for the Real Property Tax School and another for the Personal Property Tax School.  Both schools are essential components for individuals aspiring to attain the CMI-Property Tax Designation, and this opportunity can help worthy candidates achieve that goal.  Visit IPT’s Scholarship Page to learn more about this opportunity and to consider applying should you or a colleague fit the criteria.  

There is also much to look forward to in the coming months.  The Board, members, and especially IPT staff have been doing exceptional work behind the scenes on a special effort, and we can’t wait to share it with you at the Annual Conference.  This work will help guide IPT’s direction throughout the remainder of the year and beyond. 
 
Don’t forget to register for the Annual Conference in San Diego, which is just a little over a month away.  If you’re on the fence about attending, please know the Annual Conference Committee has included fun and unique networking activities to enhance your Conference experience.  If your travel arrangements permit, having an extra day in Southern California is also a great idea.  I’d like to see you there!  


Allan Wells, CMI
IPT President

 

INSTITUTE FOR PROFESSIONALS IN TAXATION®  
2024 ANNUAL MEETING NOTICE AND NOTICE OF PROPOSED AMENDMENTS TO BYLAWS  
Sent:   May 1, 2024  

NOTICE OF ANNUAL MEETING:
   
Pursuant to Section 2 of ARTICLE III of the Institute’s Bylaws, and by direction of the Board of Governors, notice is hereby given that the Annual Meeting of the Institute for Professionals in Taxation will be held on Tuesday, June 25, 2024 at 7:00 AM PDT at the Hilton San Diego Bayfront in San Diego, California to engage in and conduct the following business: 
Read More:

IPT State Income Tax Article  

 

 
   
Janette M. Lohman CMI, CCIP, CPA, Esq.   
Partner 
  
Thompson Coburn LLP
  



The Stars Might Lie, but the Numbers Never Do 

By Janette M. Lohman CMI, CCIP, CPA, Esq.

Back in the Dark Ages (pre-Wynne17), when I used to teach state and local tax law at the Saint Louis University School of Law, my students and I grappled with the issue of whether a state should have the right to tax 100 percent of its residents’ income, given that the state has substantial nexus over the person, but not necessarily any nexus at all over 100 percent of that resident’s income if the person worked in another state. 
Read More 


Contact Jennifer Newman if you have an article to submit for the Insider. 

In Memoriam

IPT was saddened to learn of the passing of long-time member Tammy J. Poole, CMI, on March 4, 2024.  Since joining IPT in 1997, Ms. Poole was a familiar face at multiple IPT Sales Tax Symposiums and Annual Conferences. IPT extends it deepest sympathies to her family, friends, and colleagues.  



Upcoming IPT Local Luncheons

San Antonio Local Luncheon
When:  May 22, 2024, 11:30 am 
Location: Maggiano’s @ The Rim, San Antonio, Texas
Topic: Practical Use of Artificial Intelligence (AI) in Tax
Speaker: Jamie Paul Stottlemyre, CPA - Principal/Founder - Stottlemyre, LLC
Register: Registration is available via Google Form or by emailing sanantonioipt@yahoo.com

Atlanta Local Luncheon Group
When:  Wednesday, May 22, 2024 @ 11am
Where:  Maggiano's Perimeter, 4400 Ashford Dunwoody Road, Atlanta GA 30346
Topic:  Georgia Department of Revenue – Indirect Tax Updates
Register:  Atlanta IPT Luncheon Group
Registration will open on April 22, 2024       
For more information, please contact Samantha McBean at sm357r@att.com or Marcia Shippey-Pryce at mshippeypryce@deloitte.com.
Please let us know in advance of the event, any special dietary needs you may have so we can make accommodations.

Chicago Local Luncheon Group - Golf Outing 
When:  August 14, 2024 @ 12 pm
Location:  Maple Meadows Gold Course
More details to follow! 

 

Registration is Open for the State Income Tax School

Are you ready to advance your career in tax? Look no further than IPT's State Income Tax School, the pinnacle of state income tax education for today's tax professionals.

The School offers a comprehensive curriculum with a balanced mix of fundamental principles and advanced topics, ensuring you're equipped to tackle any state income tax challenge.  The faculty is comprised of seasoned tax professionals who offer a deep dive into the intricate problems state income tax professionals encounter regularly, and provide practical skills and strategies to manage complex tax issues effectively. By attending the School, you will gain invaluable insights that will set you apart in the field. 

Key Topics Covered:

• Jurisdiction to Tax: Federal Constitutional Limitations
• Nexus and P.L. 86-272
• Determination of Income Tax Base
• Income Subject to Allocation
• Unitary Business Principle
• Fundamentals of Formulary Apportionment
• Tax Return Filing Methodologies
• SALT Tax Provisions & Accruals
• Pass Through and Disregarded Entities
• Common Issues in Mergers & Acquisitions
• Handling an Income Tax Audit
• Researching & Documenting Findings
• Ethics

Successfully completing IPT's State Income Tax School is a mandatory requirement for the prestigious CMI - State Income Tax designation. Attendees can earn up to 27 continuing education credits for attending, including 1.2 hours of IPT ethics.

Don't miss out on this career-defining opportunity. Enroll today and take your expertise to new heights!

Register today! 

 

Join Us in Grapevine for IPT's Property Tax School  

IPT's Property Tax School is purposefully designed to provide attendees with the essential information needed to build and advance their careers in property taxation. It offers an introductory but comprehensive study of the theory and practice of property tax management for business, including a demonstration of valuation techniques and how these apply to a tax professional's daily responsibilities. 

This School is intended for those who want to learn more about property taxation fundamentals or may have limited experience in the field and minimal exposure to appraisal theory. School sessions include:

• Property Tax Administration Management 
• Valuation Theory and Principles
• Sales Comparison Approach
• Cost Approach
• Income Approach
• Reconciliation of Value Conclusions
• Personal Property Tax
• Tax Research 
• Ethics in Property Tax

The curriculum is delivered by corporate, consultant, and legal professionals who understand the complexities of property taxation. The faculty introduces these core concepts and breaks down the material in a clear and relatable way. 

There are no prerequisites for this course, and successful completion of a series of quizzes throughout the school is required. This School is a prerequisite for the Real and Personal Property Tax Schools and is eligible to be challenged by passing the Online Property Tax School Competency Exam.  Participants can earn up to 27.4 continuing education credits, including 1 IPT Ethics credit at the School. 

Learn More and Register!

Scholarship Opportunities to Attend IPT's Advanced Property Tax Schools

Announcing a New Scholarship Opportunity - Advanced Property Tax School Scholarships

IPT is pleased to announce a unique opportunity for its corporate members—a chance to secure one of two scholarships, each valued at up to $3,000, to attend one of the prestigious Advanced Property Tax Schools. 

This exclusive offering includes one scholarship for the Real Property Tax School and another for the Personal Property Tax School. It is important to note that while the scholarships cover a substantial portion of the overall school expenses, some costs, such as registration fees, hotel accommodations,  and associated travel, may not be fully covered. 

This outstanding opportunity is exclusively available to corporate IPT members, and the application deadline is June 15, 2024. 

These schools are essential components for individuals aspiring to attain the CMI-Property Tax Designation and candidates are encouraged to visit the Property Tax CMI Professional Designation page for more information. 

Seize this chance to elevate your expertise and advance your career in property taxation!

To be considered for a scholarship, applicants must supply:
⦁ Completed Application form.
⦁ A short statement describing their interest in ad valorem taxation.
⦁ A letter of recommendation provided by their supervisor with contact information for verification.

Scholarship Brochure
Application Form

This Year's Personal Property Tax School is Coming in August!

The Personal Property Tax School is an advanced learning experience for property tax professionals who have a basic understanding of ad valorem principles and want a comprehensive education in personal property taxation. At the School, registrants will thoroughly examine the four cornerstones of personal property tax and learn how to apply these:

1. Classification;
2. Valuation of machinery & equipment;
3. Compliance; and
4. Audits & appeals.

Led by a faculty of seasoned property tax professionals, the School employs a combination of general session lectures and small group exercises. Throughout the week, registrants work in small groups on an all-encompassing case study and present an amended return at a mock hearing before the School's conclusion on midday Friday.  Approximately 40.5 continuing education credits, including 1.2 IPT Ethics credit hours, are available for full attendance. 

Learn More & Register

 
 

Save the Date for The Real Property Tax School





The Real Property Tax School is a comprehensive property tax program for professionals seeking advanced knowledge in real property taxation and intended for those with some experience in the field. The School builds upon participants' fundamental understanding of real property tax by examining complex concepts and principles, including how to apply these in actual practice.

Topics covered at the Real Property Tax School include a comprehensive study of the property tax valuation process, concentrating on the three approaches to value. Other related topics include:


• Direct capitalization, yield capitalization, and discounted cash flow models;
• Building cost estimates and types of depreciation;
• Analysis of sales information;
• Summation of the three approaches;
• Equalization, sales ratio studies, and mass appraisal;
• Assessor, appeal board, and court interactions; and
• Ethics.

Learn More and Register!

 

There's so much More to do at the Annual Conference! 



IPT's Annual Conference is dedicated to providing premier-level industry content to its attendees. With over fifty general and breakout sessions covering sales & use, property, and state income tax and credits and incentives, the Conference offers information and insight on the most valuable topics to all state and local tax professionals.  See the Annual Conference Brochure to view an agenda of sessions and descriptions, so you can begin planning your Conference schedule.

Beyond the wealth of education you will receive at the Conference sessions, we're thrilled to announce a lineup of exciting networking activities. See the networking activities on this year's agenda.  

 
 

Check Out the Topics at the Annual Conference!

As one of the year's most anticipated programs, IPT's Annual Conference is renowned for its comprehensive coverage of SALT topics, providing invaluable insights into property tax, sales and use tax, state income tax, and credits & incentives. Whether you're seeking to stay ahead of the latest regulatory changes, deepen your expertise, or connect with fellow professionals, this conference is designed to meet your needs.

Click here to see the Annual Conference sessions!

Don't miss out on this exceptional opportunity to expand your knowledge, connect with industry peers, and stay ahead in the dynamic world of state and local taxation. Register now to secure your spot at IPT's 48th Annual Conference in beautiful San Diego!

Help keep the lines of communication open with IPT! 

Since the February 1, 2024 changes made by Google and Yahoo for email senders, some of you may not have received email communications from IPT. If you or your colleagues are not getting communication from the Institute, please add iptinfo@ipt.ccsend.com to your "safe senders" list.
To update your contact information, go to ipt.org and log in to the website.  Click on your name, and you will be directed to the "About Me" tab, where you can enter your information.  Click on the pencil icon in each area to change the corresponding information.  Enter your updates and select "save" to update your data.

Please note that you cannot change your employer when using this process. If you have changed companies in the past year, please contact Aga Aburto, who will update that information.

Thank you for taking these steps to ensure you continue to receive important information from IPT! 

Get started today!

 

Become an IPT Sponsor

One of the best ways to get your business's name in front of the best and brightest tax professionals is to become a sponsor of IPT programs.  Your support at the Gold or Silver level will help IPT continue its mission of providing the best state and local tax available and will heighten your profile with industry decision makers.  See below for the 2024 Sponsorship Form and a list of benefits you will receive through your sponsorship.

IPT also has multiple opportunities to sponsor events and activities at the symposiums and Annual Conference.  These events may include crowd pleasers like a specialty coffee cart, professional portraits, or craft beer tasting.  Each program has its distinct offerings of networking activity sponsorships, and availability and pricing depend on the specific program and host location.   Click here to see the availability and pricing for these sponsorship opportunities.  Please note, these activities tend to get sponsors quickly, so acting quickly is imperative. 

Please visit IPT's Sponsorship Page for more information on Gold, Silver, Bronze and Event Sponsorships and the associated benefits of each. You can also contact Helen Johnson regarding IPT's sponsorship programs and pricing.

2024 Sponsorship Form
Benefits of IPT Sponsorship
2024 Event Sponsorship Opportunities

 

CMI/CCIP Exam Schedule & Deadlines

2024 CMI State Income Tax Exams
*The CMI State Income Tax exams are administered by appointment only, and held at the IPT office in Atlanta, Georgia.  
*After completion of the application process, candidates must notify IPT of their intention to sit with at least 90 days’ notice.  The exam date will then be scheduled through coordination with the CMI - State Income Tax Professional Designation Committee. 
*Please contact Jake Lipps, IPT’s Certification Manager, for more information. 

Applications must be received via email on or before the deadline for receipt of applications. Applications received after this deadline will NOT be reviewed in time for consideration of the subsequent exams. 

June 2024
CMI Sales Tax Exams, CMI Property Tax Exams & CCIP Exams
San Diego, California
Exam Dates: June 22-23, 2024

* The deadline for receipt of applications for the June 2024 exams has passed. 
* The deadline for submitting verification of any needed final requirements has passed.
* Candidates must register for the examination no later than May 22, 2024.

September 2024
CMI Sales Tax Exams
Grapevine, Texas
Exam Dates: September 21-22, 2024

* The deadline for receipt of applications for the September 2024 exams is June 21, 2024. 
* All Examinees will be required to complete and submit verification of any needed final requirements no later than August 9, 2024. 
* Candidates must register for the examination no later than August 22, 2024.

October 2024
CCIP Exams
Tucson, Arizona
Exam Dates: October 19-20, 2024

* The deadline for receipt of applications for the October 2024 exams is July 22, 2024. 
* All Examinees will be required to complete and submit verification of any needed final requirements no later than September 5, 2024. 
* Candidates must register for the examination no later than September 19, 2024.

November 2024
CMI Property Tax Exams
Tucson, Arizona
Exam Dates: November 9-10, 2024

* The deadline for receipt of applications for the November 2024 exams is August 8, 2024. 
* All Examinees will be required to complete and submit verification of any needed final requirements no later than September 25, 2024. 
* Candidates must register for the examination no later than October 10, 2024.


The CMI Sales Tax written exams will no longer be administered in hardcopy format.  They will now be administered via ExamSoft, a computer-based assessment software.  Please note, you are still required to take the exams in person at the designated exam site.  Instructions and details on ExamSoft will be given to examinees approximately one month prior to the testing date.

 

EXCLUSIVE IPT MEMBER BENEFIT
15th Edition of IPT's Drop Shipment Survey Plus the First-Ever Marketplace Facilitator/Seller Survey Available for Purchase

2023 Drop Shipment Survey - 15th Edition
IPT is pleased to announce the return of the Drop Shipment Survey. This is the first publication of the survey since the 2018 Wayfair decision, and this 15th Edition has been updated to reflect those changes.

IPT partnered with KPMG to conduct the survey, which identifies the current position on drop shipments of each state that responded and helps IPT members understand how to best document exemptions for business in states where drop shipments are made.

Marketplace Facilitator/Seller Survey
IPT is glad to introduce a new survey, also in participation with KPMG, the Marketplace Facilitator/Seller Survey. This first-of-its-kind survey provides clarity on how some jurisdictions tax transactions involving marketplace facilitators and sellers.

The survey is the perfect complement to the Drop Shipment Survey and will be of great value to members as they conduct business across the nation.

Purchase the Surveys
The surveys are sold together and available online in a password-protected document that allows easy navigation and search functionality. 
Only IPT members can buy licenses to access the surveys, and the document cannot be downloaded or printed.  By purchasing a license, members agree to the terms of the purchase, which prohibit sharing access to the survey. 

Survey Pricing: 
1 Access License for $250
3 Access Licenses for $650
5 Access Licenses for $1,000 

Buy Online 

   IPT Ethics

 

The Institute for Professionals in Taxation has established a Code of Ethics to set forth ethical and professional guidelines for all IPT members. 

Each member of IPT agrees to subscribe to this Code of Ethics and to report to the IPT Committee on Professional Ethics any unethical practices or actions by any IPT member. Non-members of IPT may also report any alleged unethical activity of IPT members to the Ethics Committee.