United States
Taxpayer permitted alternative apportionment when calculating Michigan sourced income from the sale of an out-of-state business.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
Amended rules address apportionment and allocation of income from partnership interests owned by corporate partners.
Minnesota passes tax bill enacting numerous changes to the individual income tax, corporate business tax, and sales and use tax.
S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax ...
Commissioner prohibited from applying alternative apportionment after failing to show statutory formula did not reflect Minnesota income.
Private equity companies have become inundated with state income tax issues as portfolio company investments have shifted to partnerships and LLCs.
Actions taken by the IN Department of Revenue blur lines when apportioning services receipts, creating potential traps and opportunities.
Tax law changes in Massachusetts will challenge engineering and architectural companies, especially with respect to market-based sourcing.