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

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,...

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.

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.