April 2010

Current Corporate Income Tax Developments, Part II

From CPA Letter Daily & The Tax Advisor.

The past year has seen a number of changes in states' taxation of corporate income. Part 2 of this two-part article takes a state-by-state look at the areas of apportionment, unitary groups/filing methods, administration, flow-through entities and other significant corporate state-tax issues.

During 2009, numerous state statutes were added, deleted, or modified; court cases were decided; regulations were proposed, issued, and modified; and bulletins and rulings were issued, released, and withdrawn. Part I of this article, in the March issue, focused on nexus, tax base, allocable/apportionable income, and Sec. 338(h)(10) transactions. This part covers some of the more important developments in apportionment, unitary groups/filing methods, administration, flowthrough entities, and other significant corporate state tax issues.

Read the April 2010 issue of The Tax Advisor


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This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.