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    Tax Planning in Different States

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    Does operating in different states with different unitary definitions affect tax planning? How?

    © BrainMass Inc. brainmass.com March 4, 2021, 8:18 pm ad1c9bdddf

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    Yes. In apportioning income, some states use separate accounting, in which each legal entity is treated as a separate tax payer. However, most states use the unitary method to combine related entries. This method determines the extent to which a parent corporation's branches and affiliates are included in the apportionable ...

    Solution Summary

    200+ words describe the different unitary definitions for tax planning across states.