State Tax Auditors Descend on Corporations with Novel Conclusions - McDermott Will & Emery

State Tax Auditors Descend on Corporations with Novel Conclusions

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Overview


Arthur Rosen was the author of this bylined article which considered the unusual situation in which New York corporate taxpayers are being “overwhelmed” by state tax refunds. In such instances, Mr. Rosen wrote, “the auditors have reviewed the business operations and believe that applying the standard statutory rate results in too much income being attributed to the state and thus, because of the application of alternative apportionment, the taxpayer is due a refund.”