This article is the first of our new series regarding common issues and opportunities associated with combined reporting. Because most states either statutorily require or permit some method of combined reporting, it is important for taxpayers to understand the intricacies of and opportunities in combined reporting statutes and regulations.
In this article, we will explore the foundation for combined reporting – the unitary business principle.
Decoding Combination: What Is a Unitary Business
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.