Lessons of Oracle: Inconsistencies and Changes in Reporting Inevitable in State Taxation, But When Must They Be Disclosed?

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

The Oregon Tax Court recently denied a motion for partial summary judgment in Oracle v. Oregon Dept. of Rev., a case involving a taxpayer's inconsistency in classifying income as business or nonbusiness income in two different states. In this article, Giles Sutton, Jamie Yesnowitz, and Chuck Jones, of Grant Thornton LLP, discuss the differences among state disclosure requirements and the impact Oracle may have for taxpayers taking nonuniform positions from state to state.

This article is available to subscribers of the Weekly State Tax Report. For more information or to take a trial to the report, click here.