Thursday, March 4, 2010

SALT To Taste: How Important is Consistency Among "Uniform" States that are not so Uniform?

Many states have adopted and incorporated uniform acts into their tax statutes.  Recently, an Oregon case considered whether consistent reporting positions among such states should be mandatory regardless of each state's distinct interpretation and application of their own tax statutes.  This article looks at the Oregon court's conclusion that a taxpayer's facts can result in disparate treatment among states and that the treatment of any item is controlled by a state's laws.  As a result, great diligence should be taken to analyze the laws of each state when establishing tax reporting positions.

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