Breaking State and Local Developments

Busacker, Dale; Zins, Kevin; Tegenkamp, Roy; Sutton, Giles; Yesnowitz, Jamie C.; Jones, Chuck
March 2010
Journal of State Taxation;Mar/Apr2010, Vol. 28 Issue 3, p15
Academic Journal
The authors focuses on a nexus case involving the provision that corporations which are partners and do business within and outside Kentucky are taxable on their share of the distributed income attributable to business done in the state. It states that taxpayers are found to be conducing business in the state. They discuss the announcement from the Internal Revenue Service (IRS) about a tax return schedule to require business taxpayers to report "uncertain tax position" on their returns.


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