Federal and state conformity issues arise in a number of states across the country, and Tax Analysts covers all of the changes and developments related to administrative rulings, court decisions, and legislation on federal and state tax code conformity issues.
Tax Analysts covers conformity legislation that would, for example, update a state's tax conformity with the federal government's treatment of check-the-box regulations, treating LLCs as partnerships for state tax purposes unless classified otherwise for federal tax purposes. Coverage also included federal conformity bills in Minnesota, Maine, and Iowa where state legislatures debated whether to adopt certain portions of the federal tax code, but with special carve-outs for unique state needs.
Tax Analysts also covers federal and state tax conformity litigation, such as a New Jersey Tax Court decision that had practitioners opining about its practical effects in ruling on state add-backs to federal taxable income definitions. States often use federal taxable income as starting point for their tax base, but some states require a taxpayer to add certain deductible federal items back to its income for state tax purposes.
Federal and state tax conformity legislation is usually introduced at the start of state legislation sessions in the winter, but litigation related to decoupling from Internal Revenue Code is constant throughout the year, and Tax Analysts covers all of it with commentators from all sides of the spectrum.
Tax Analysts consistently and promptly publishes all relevant developments regarding federal and state tax conformity legislation. To stay up to date on all tax-related topics, subscribe to Tax Notes Today Federal.
