With the current economic environment, state revenues have reached an all-time low in many states.  Revenue shortfalls could give rise to increased audit activity by state tax agencies. In turn, corporate tax departments will face a prolonged and difficult controversy life cycle at a time when their own resources and personnel are stretched thin.

Panelists will discuss recent audit issues and state income, franchise, and sales-use tax developments, with a specific focus on New York, Florida, and California.  The panelists will highlight ways a company may successfully manage these controversies and reduce the potential adverse impact of the states' increased audit activity.