The Adviser's Guide to Multistate Income Taxation: Compliance and Planning Opportunities - Softcover

American Institute Of CPAs

Softcover

ISBN 10: 1937350037 ISBN 13: 9781937350031

Publisher: AICPA, 2011

Synopsis

With rapid technological changes in e-commerce, more and more small businesses find themselves doing business in a multistate environment. The rise of internet sales has impacted the age-old nexus debate in unprecedented ways.

To keep up with your clients' growing businesses-whatever their size-you need to be up to speed on multistate tax issues. This guide will help you maximize your client's tax-saving opportunities.

Tight state budgets and dwindling tax revenues continue to force state tax administrators to press for authority to tax any out-of-state business that conducts even online sales in their state. In some states, simple participation in a trade show by an out-of-state business will create a filing obligation with the state. A simple misstep by the smallest of mom-and-pop businesses can result in thousands of dollars of tax, penalties, and interest.
States have become very aggressive with respect to nexus. Thus, unless you simply want to file in every state, you need to know what the parameters are.

Topics covered in the guide include:

· Nexus

· State modifications

· State filing methods

· Filing status

· Consolidated filing

· Combined reporting

· Apportionment and allocation

· Apportionment factors

· Uniform Division of Income for Tax Purposes Act (UDITPA)

· Throwback rules

· Business and nonbusiness income

· Intangibles: interest, dividends, and royalties

· Intangible holding companies (Delaware holding companies)

· Irregular corporate tax structures

Edition details

• Publisher: AICPA
• Publication date: 2011
• Language: English
• ISBN 10: 1937350037
• ISBN 13: 9781937350031
• Binding: Paperback
• Number of pages: 222