|
Corporate Income & Franchise Taxes
Performing business activities across state borders could result
in the company having a tax return filing requirement within that
state for either income or net worth taxes. States have become increasingly
more aggressive in locating companies whose business activities
have created this filing requirement, but have failed to file the
required returns.
Corporations are now being faced with an ever-increasing tax return
and tax burden. Keeping abreast of the differing laws between states,
such as the income allocation or apportionment rules and business
vs. non-business income determinations, can be an enormous challenge
for your internal tax department.
Schenck's SALT team can assist you
with your corporate income/franchise tax needs which may include
accurately and efficiently preparing your company's state and
local tax returns, consulting as to what states your company has
established a filing requirement in, and a discussion of your tax
exposure in those states.
|
