CALIFORNIA: HOW SHOULD YOU "SHAVE" (FILE YOUR 2012 INCOME TAX RETURN)?
If so, perhaps you are contemplating whether to utilize the Multistate Tax Commission (MTC) apportionment method or simply use one of California's acceptable methods (double-weighted sales factor (DWSF) or single-sales factor (SSF)).
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.