Mandatory Combined Reporting Trend
5/17/2010
Mandatory Combined Reporting Trend: Do you have a choice? As many states review their budget shortfalls this year, the option to move toward mandatory combined reporting continues to appear on several legislative agendas. This move is generally seen by states to increase revenue, although some studies seem to indicate the opposite effect.
Since 2004, seven states have passed combined reporting legislation. Keeping apprised of the requirements of combined unitary filing, as well as which states allow freedom of choice, will improve your tax forecasting and potentially identify savings strategies.
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Mandatory Combined Reporting here.
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