Multistate taxation of companies is complex because each U.S. state imposes unique tax laws and filing requirements. Additionally, many state revenue authorities are aggressive in their nexus and residency-related tax enforcement efforts. This makes diligent multi-jurisdictional tax compliance doubly important.
We are versed in the multistate taxation of both U.S. inbound and outbound international businesses. Some of the services we offer in this area include:
- Economic nexus studies
- Apportionment and allocation analysis
- Water’s edge and worldwide combined reporting
- Multistate taxation of repatriated profits
- Multistate modifications to the federal antideferral regimes
- Factor representation issues with respect to foreign dividends
- Subsidiary and entity planning to reduce overall U.S. state taxes
- Preparation of tax returns, reports, and other compliance-necessitated documents in all pertinent state and local jurisdictions
If you are a multinational business or foreign investor with activities in more than one U.S. state, schedule your initial consultation with us to discuss the tax ramifications of your multistate footprint.