U.S. Master Multistate Corporate Tax Guide (2023)

As a result of rapidly evolving commercial, technological, and economic dynamics, more and more businesses conduct business across multiple state jurisdictions. At the same time, state tax rules have become significantly more complex, and the states have become increasingly more aggressive in enforcing and collecting tax payment. Now, more than ever, business taxpayers and their advisors need to understand the traps, pitfalls and opportunities in the state corporate tax arena--before the inevitable state corporate income tax audit becomes a reality.

This CCH Master Guide serves as a handy desktop reference containing concise explanations on major corporate tax issues that are readily accessible and easy to understand. It's an excellent resource for quick answers to the most-asked questions and at-a-glance state-to-state comparisons.

The U.S. Master Multistate Corporate Tax Guide provides return preparation guidance for use by taxpayers subject to corporate income or income-based taxes in more than one state. It provides an efficient means for practitioners to understand the rules and guidelines relevant to filing returns in all of the states (plus the District of Columbia) that impose a corporate income tax, a franchise tax, or other tax at least partially measured by income.

Key elements of this helpful and annually updated publication are:

CHARTS--designed to provide quick answers to the most often asked questions regarding state corporate income taxation.

STATE BY STATE DISCUSSIONS--offer practical explanations of major corporate tax topics, including:

- Tax Rates

- Tax Credits

- Apportionment of Income

- Combined Reporting

- Consolidated Returns

- Nexus

- Net Operating Loss Carryforwards and Carrybacks

- Return Filing Requirements

- Alternative Minimum Taxes

In addition, since most practitioners prepare federal forms first, easy access to state law differences makes filling out state returns easier. The Guide provides helpful comparisons of federal and state tax laws for each state.

HIGHLIGHTS OF KEY NEW DEVELOPMENTS--presents a summary of key legislative and regulatory changes affecting state corporate income taxation during the previous year, so readers are aware of those developments and can respond accordingly when completing tax returns for the coming year.

This helpful publication is a perfect reference for:

- Compliance specialists who prepare returns for corporations

- Research specialists who need quick answers to multistate tax issues, such as nexus (taxability)

- Accountants, attorneys and return preparers with clients doing business in more than one state, and especially helpful when such individuals need information on filing a corporate income tax return in a new or unfamiliar state

- Corporate tax departments and planning departments

- Educators and librarians

- State revenue department staff

CCH's U.S. Master Multistate Corporate Tax Guide's concise and practical desk-reference format makes it the perfect complement to CCH's comprehensive update subscription service--the MULTISTATE CORPORATE INCOME TAX GUIDE--providing busy professionals with an annual snapshot of corporate income tax provisions they'll need to refer to time and again throughout the year.