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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
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California reverses position on limited partnership tax and filings
The FTB ruled that limited partnerships disregarded for federal income tax purposes are not subject to minimum tax or filing requirements.
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Ohio brings back business income deduction for attorneys and lobbyists
Ohio backtracks on eliminating business income deduction for certain taxpayers after concerns over enforcement and application surface.
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New Hampshire adopts market-based sourcing
Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.