V2-SM_ch 16

V2-SM_ch 16 - CHAPTER 16 MULTISTATE CORPORATE TAXATION...

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Unformatted text preview: CHAPTER 16 MULTISTATE CORPORATE TAXATION SOLUTIONS TO PROBLEM MATERIALS Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition 1 LO 1 State tax policy Unchanged 1 2 LO 1 State/Federal tax law overlap Modified 2 3 LO 1 UDITPA Unchanged 3 4 LO 1 Multistate Tax Commission Unchanged 4 5 LO 2 States’ jurisdiction to tax; nexus Unchanged 5 6 LO 2 Immune sales under P.L. 86-272 Unchanged 6 7 LO 2 P.L. 86-272 solicitation standards Unchanged 7 8 LO 3 Apportionment and allocation of income Unchanged 8 9 LO 3 Allocation and apportionment New 10 LO 3 Allocation and apportionment New 11 LO 3 Apportionment formula weights Unchanged 9 12 LO 5 Sales factor Unchanged 10 13 LO 5 Throwback rule for sales factor Unchanged 11 14 LO 5 Payroll factor Unchanged 12 15 LO 5 Property factor Unchanged 13 16 LO 6 Unitary theory Unchanged 14 17 LO 6 Unitary taxation Unchanged 16 18 LO 6 Unitary taxation New 19 LO 6 Unitary taxation New 20 LO 7 Out-of-state S shareholders Unchanged 19 21 LO 7 Composite S corporation filing Unchanged 20 22 LO 7 Partnerships and LLCs Unchanged 21 23 LO 8 Sales/use tax incidence Unchanged 23 24 LO 8 Sales/use tax exemptions Unchanged 24 25 LO 8 Streamlined Sales Tax Project Unchanged 26 26 LO 8 Other taxes New 27 LO 2, 9 Planning with nexus rules Unchanged 27 28 LO 9 Passive investment subsidiary Unchanged 28 29 LO 9 Shifting taxable income from intangibles Unchanged 29 30 LO 9 Multistate tax planning Unchanged 30 31 LO 9 Capital stock tax planning Unchanged 31 Instructor : For difficulty, timing, and assessment information about each item, see p. 16-3. 16-1 16-2 2011 Corporations Volume/Solutions Manual Status: Q/P Question/ Learning Present in Prior Problem Objective Topic Edition Edition *32 LO 1 State income tax formula Unchanged 32 33 LO 1 State income tax formula Unchanged 33 *34 LO 1 Addition and subtraction modifications Unchanged 34 *35 LO 1 Addition and subtraction modifications Modified 35 *36 LO 1 Addition and subtraction modifications Unchanged 36 37 LO 4, 5 Apportionment formulas Unchanged 37 38 LO 4, 5 Apportionment and allocation Unchanged 38 *39 LO 5 Apportionment formulas Modified 39 *40 LO 5 Apportionment formulas Modified 40 41 LO 5 Apportionment formulas Modified 41 42 LO 5 Apportionment formulas Unchanged 42 *43 LO 5 Sales factor Unchanged 43 44 LO 5, 9 Throwback rule Unchanged 44 45 LO 5, 9 Payroll factor Modified 45 46 LO 5 Payroll factor Unchanged 46 47 LO 5 Payroll factor Unchanged 47 48 LO 5 Property factor Unchanged 48 49 LO 5 Property factor Unchanged 49 50 LO 5, 9 Property factor Unchanged 50 51 LO 6, 9 Unitary business, apportionment factors Unchanged 51 *52 LO 6 Water’s edge election Modified 52 53 LO 7 Multistate S corporations, apportionment Unchanged 53 formula 54 LO 8 Sales tax base Unchanged 54 *55 LO 8 Sales and use taxes Unchanged 55 56 LO 8 Sales tax exemptions Unchanged 56 *57 LO 8 Franchise tax Unchanged 57 58 LO 5, 9 Apportionment planning Unchanged 58 59 LO 9 Apportionment planning...
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This note was uploaded on 11/13/2010 for the course BT 315 taught by Professor Smith during the Spring '10 term at Ohio State.

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V2-SM_ch 16 - CHAPTER 16 MULTISTATE CORPORATE TAXATION...

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