Reporting & Filing Requirements
An increasing number of states have enacted or proposed combined reporting requirements for related entities involved in a unitary business, creating increased compliance burdens for taxpayers and administrative challenges for state tax agencies.
This article discusses common issues in state sales tax audits and gives tips and best practices for each part of an audit life cycle.
The varying rules for withholding can create a compliance nightmare for multistate partnerships with a large number of partners.
The use of mandatory unitary combined reporting has become increasingly popular among states in recent years, driven by state budgetary shortfalls and the perceived distortion of taxable income by multistate corporations filing separate company reports.