The tax treatment, tax problems and tax-planning techniques of corporations and flow-through entities engaged in multistate activities. Includes:
◾ Constitutional limitations on states’ ability to tax multistate corporations and flow-through entities,
◾ new developments in state doing business standard,
◾ state tax treatment of S corporations, partnerships and LLCs,
◾ computation of income, business vs. nonbusiness income,
◾ formula apportionment,
◾ unitary taxation and
◾ water’s-edge elections.