State and Local Tax
Thousands of jurisdictions, one place for answers
RSM’s dedicated state and local tax (SALT) professionals collaborate across specialties and regions to provide you with a local touch, backed by the support of a national firm. Our approach starts with understanding your business – your operations, challenges and plans for the future – then developing a holistic SALT planning and compliance program to help you meet your goals and control your expenses. Our specialty practices are:
- Sales and Use Tax
- Income and Franchise Tax
- Multistate Credits and Incentives
- Property Tax
- Payroll and Employment Tax
- Unclaimed Property
In addition to services provided by these practice groups, we also offer general SALT services, such as state tax analysis and resolution (nexus) and SALT controversy.
North Carolina requires certain corporate taxpayers to submit a market-based sourcing informational report on or before April 15, 2016.
Colorado trial court rules that a holding company with no property or payroll of its own could not be included in its parent’s combined group.
FTB advises individuals that they are not allowed a credit against individual tax for Revised Texas Franchise Tax paid.
Connecticut Gov. Daniel Malloy signs the state’s biennial budget and an implementer bill that revised numerous tax changes.
California Supreme Court rules that taxpayers may not elect to utilize the MTC’s three-factor apportionment formula in calculating franchise tax.
Michigan enacts unclaimed property bill that provides a de minimis exception and allows certain holders to elect into a streamlined audit process.
Pennsylvania Supreme Court holds that local jurisdictions can impose business privilege tax on businesses that conduct lease activities.
California Franchise Tax Board updates factor presence thresholds for 2015 to $53,644 in in-state property or payroll and $536,446 in in-state sales.
MTC issues draft model market-sourcing regulations, providing substantial guidance regarding the application of revised Model Compact Article IV.
Vermont Supreme Court issues its first decision on combined unitary reporting since Vermont adopted combined reporting in 2006.
Pennsylvania Commonwealth Court strikes down corporate net loss carryforward limitation.
Employee activity across state lines can add payroll tax withholding requirements. Update your processes and policies to minimize audit risk.
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