Revenue Agent's Reports: The State Side of Federal Adjustments Can Raise Thorny Compliance Issues for Multistate Corporations

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

When taxpayers are subject to multiyear examinations by the Internal Revenue Service, they face more than the potential for federal tax assessments. Very often, even when taxpayers reach a settlement with the IRS, they must deal with a complex and arduous compliance burden at the state level. In this article, the authors review the contradictory state requirements for filing amended returns or notifying state taxing authorities following adjustments to federal taxes.

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