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State Income and Franchise Tax Services
State income and franchise tax strategies to support your business goals
Income and franchise taxes can be a significant portion of the overall SALT exposure for companies doing business in multiple states. Each state has its own rules, unique compliance challenges and planning opportunities. Our experienced SALT team works with you to resolve your income and franchise tax concerns. Services include:
- State and local tax evaluation
- Due diligence
- Reverse income tax audit
- Multistate tax return reviews
- Multistate credits and incentives
- Audit defense and appeals
- Individual income tax planning
- Nexus evaluation and voluntary disclosure agreements
Learn more about RSM’s collaborative approach to income and franchise taxes.
Related insights
TAX ALERT
New Jersey enacts SALT deduction workaround for pass-through entities
New Jersey becomes the sixth state to adopt an entity-level tax establishing a workaround to the federal SALT deduction limitation.
INSIGHT ARTICLE
Multiple residences, one domicile: where is income reported?
It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”
TAX ALERT
Texas Comptroller adopts economic nexus for franchise tax
The Texas Comptroller adopted a $500,000 economic nexus threshold for the state's franchise tax effective in 2020.