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What is state tax apportionment and how do you calculate it?

ThomsonReuters

State income tax is a direct tax on business income you’ve earned in a state. It sounds straightforward, but this is a complex topic: States have various ways of calculating how much of your corporation’s business income is attributable to its presence and activity there. What is apportionment in taxes?

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Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’

CPA Practice

To do this, we’ve added a new form of assistance: temporary pop-up centers, such as in Ciales, Puerto Rico and Gallup, New Mexico. We anticipate that Volunteer Income Tax Assistance will expand free assistance by approximately 50,000 returns this filing season. You have always gone above and beyond.

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