For the 22nd consecutive year, Bloomberg Tax has sought to clarify each state's position on nexus by sending their annual Survey of State Tax Departments to senior state tax department officials in the District of Columbia, New York City, and the 46 states that impose a corporate income tax. In addition to nexus, the questionnaire asked officials about their state's tax sourcing rules, states’ responses to federal tax reform, and requirements for reporting federal changes. Additionally, Bloomberg Tax asked the states about their combined reporting regimes and conformity to the Multistate Tax Compact.
This year, the survey was expanded to include questions regarding voluntary disclosure agreements for both corporate income and sales and use taxes.
This webinar will take a closer look at the recent trends in state corporate income taxation, analyze the survey results in these areas, and provide a discussion on recent changes in states’ taxation of corporations.
Educational Objectives:
• Know the latest developments and trends regarding state income taxation of corporations
• Identify the types of activities, which by themselves, might be sufficient to trigger income tax nexus in a state
• Understand trends in voluntary disclosure agreement eligibilities across the states
• Learn about states’ different approaches to conformity to CARES Act provisions
Who should attend this event?
State tax practitioners and advisors in private practice, professionals in corporate tax and accounting departments focused on state taxation and accounting issues.
Download a complimentary executive summary of the Survey of State Tax Departments to explore findings.
