Oct 8th 2013
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What SALT issues are you struggling with today?  Income tax, sales tax, etc.?  What state is giving you the most difficulty?

Are you struggling with any of the following issues?

  1. Is my company required to register to file returns and
    pay income taxes?
  2. Is my company required to register to collect and remit
    sales and use taxes?
  3. Property taxes?
  4. What credits and incentives is my company eligible to
  5. My business operates as an affiliated group of multiple
    entities.  Does the state require us to file separate returns or one
    combined return?
  6. How are intercompany transactions treated?  Do we
    have to addback intercompany expense deductions?
  7. Is my affiliated group of entities unitary?
  8. Does my affiliated group of entities need a transfer
    pricing study?
  9. Are sales of services sourced differently than sales of
    tangible personal property?
  10. What types of sales are included in the apportionment
  11. How are sales determined?  Gross sales or net sales?
  12. Our company sales a service and a product.  Are we
    required to collect sales tax?  If so, on the whole charge or part of
  13. Our company has foreign (non-U.S.) operations. 
    How does that impact our state returns?
  14. Our company is a foreign based company
    (non-U.S.) with operations in the U.S. If we don't have a permanent
    establishment in the U.S., are we still required to file state income tax
  15. How will changing the ownership and/or organization
    structure of our affiliated group of companies impact our state tax filing
  16. Do we owe sales tax on the purchase of a company's
    business assets?  Is there a bulk sale notification requirement?
  17. If our company buys the assets of another company, are
    there any real estate transfer taxes due?
  18. When can our company remove our FIN 48 reserve for
    uncertain state tax positions?
  19. If our company owns an interest in a partnership, does
    that ownership interest give our company a taxable presence in the states in
    which the partnership operates?
  20. If our company sells assets or liquidates a division of
    our company, is that treated as business or nonbusiness income?

What are you struggling with?

Please comment on this post or send me an e-mail with your issue.


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By GrowthForce
Jun 25th 2015 20:11 EDT

There are so many different variations on state income tax, especially for businesses that have multiple locations in different states. Plus, more and more states are moving towards charging sales tax on online purchases, which complicates things a little bit more. The best way to sort all of this out is to hire out help for handling your year end processes. Doing it all by yourself is incredibly time consuming, and you don't want to risk misfiling something and then having to pay a penalty.

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