Take Advantage of Multistate Tax Year-End Issues and Opportunities | AccountingWEB

Take Advantage of Multistate Tax Year-End Issues and Opportunities

If your company or clients are wondering what state and local tax issues and/or opportunities they may want to take advantage of prior to year-end, here is a brief list:

  1. DC Combined Reporting Impact Review and Planning (priority for unincorporated businesses, groups with net operating losses, etc.) 
  2. California MTC apportionment election protective refund claim opportunity 
  3. California planning for 2013 Apportionment changes (mandatory single sales factor and market based sourcing)
  4. Virginia apportionment review and planning (manufacturer single sales factor election option, retailers single sales factor requirement planning, establishing the right to apportion, etc.) 
  5. Oregon MTC apportionment election protective refund claim opportunity 
  6. New York MCTMT protective refund claim opportunity 
  7. Texas franchise tax amended return / refund opportunity  
  8. California income tax refund opportunity for limited partnership partners 
  9. Louisiana franchise tax refund opportunity for limited partnership partners 
  10. Tennessee – new intangible expense addback compliance requirements 
  11. Rhode Island – pro forma combined reporting compliance requirement 
  12. Alternative apportionment analysis and requests 
  13. Retailers – refund opportunity and planning to claim a credit or deduction for sales taxes paid on uncollectible transactions from retailer-issued credit cards
 Please contact me to set-up a meeting or call to discuss how I can help you and/or your client take advantage of these opportunities.

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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 strahle@leveragesalt.com.

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Because state and local taxes are deceptively simple and endlessly complicated.

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