© 2019 RSM US LLP. All rights reserved.
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.
Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.
Minnesota tax-exempt organizations may find some relief knowing that the state does not conform with two major federal changes.
Recent activity among state and local gross receipts taxes may signify that a historic approach to taxation is ready to be a new trend.