Construction Contractors: Multistate Income Tax Issues
Authored by Michael R. Bannasch, CPA, MST
About this Course
It is no surprise that performing a construction contract in a state has income tax ramifications. You need to be aware of not only the basics of state and local income taxes, but also the nuances that affect construction contractors. This course explains how state and local income taxes affect construction companies and identifies the issues that arise when preparing multistate income tax returns for contractors.
Upon completing this course, you will be able to:
Understand how to handle the administrative requirements of getting into and out of a state
Recognize that your federal income tax planning might not have the desired impact on state returns
Determine how much taxable income to apportion among states
Understand that normal apportionment rules may not apply to a client or company
Basic understanding of multistate income tax issues.