Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...
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.
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