Multistate Income Tax

Overview Overview-1

Why a national multistate income tax course? Overview-3

Tax formula for multistate corporate taxpayers Overview-5

Irregular corporate tax structures Overview-8

Chapter 1 1-1

Interstate Activity and Nexus 1-1

Nexus defined 1-3

What we know and where to go from here 1-30

Chapter 2 2-1

Calculation of State Taxable Income: Modifications 2-1

Additions 2-3

Subtractions 2-12

Chapter 3 3-1

Filing Methods for Multistate Taxpayers 3-1

Separate, consolidated, or combined filing 3-2

The landmark cases 3-8

Multistate Tax Commission 3-23

Chapter 4 4-1

Apportionment and Allocation 4-1

Current rules 4-2

The Hercules cases 4-20

The Supreme Court: Once again 4-23

Chapter 5 5-1

Apportionment Formulas and Factors 5-1

Payroll, property, and sales factors 5-2

The payroll factor 5-7

The property factor 5-11

The sales factor 5-17

How much distortion is enough? 5-32

The treatment of factors in partnerships 5-33

Appendix A A-1

Basic Ideas of Multistate Income Tax Planning A-1

Identifying goals and methodologies A-4

Appendix B B-1

Audit Defense Strategies B-1

Audit selection B-4

The pre-audit B-6

Initial meeting and audit work B-8

Closing conference B-10

Glossary Glossary 1

Index Index 1

Solutions Solutions 1

Chapter 1 Solutions 1

Chapter 2 Solutions 3

Chapter 3 Solutions 4

Chapter 4 Solutions 6

Chapter 5 Solutions 7