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