Tax management multistate tax portfolios ; 2160-2nd.
" ... analyzes the provisions of the Michigan Single Business Tax Act, particularly as they apply to multistate taxpayers. The Michigan Single Business Tax (SBT) was repealed by PA 325, effective Dec. 31, 2007."
Author: Benjamin O. Schwendener, Jr., . Authors: Patrick R. Van Tiflin and Lynn A. Gandhi, . Published: Washington, D.C., 2002-2007.
Bibliography, etc. Note
Includes bibliographical references.
Formatted Contents Note
Detailed analysis. Introduction Overview of the MBT structure and tax base; prior law and the value added tax concept Case law discussing the Michigan SBT's value added concept Former law: outline of major calculations used to determine SBT base and tax Taxable persons overview and Nexus Business activities: a "threshold requirement" for taxability "Group or combination acting as a unit" as a taxable person Affiliated corporate groups: combined or consolidated returns Partnerships and subchapter S corporations Estates and trusts Entities under common control Exemptions under the MBT Banks and financial institutions Insurance companies REITs, REMICs, and RICs Non-profit housing cooperative corporations Exempt organizations DISCs and FSCs Capital acquisition deduction Exceptions to the use of tax basis as cost The importance of timing in the use of the CAD Acquisition of property as a result of tax-free events Method of accounting Allocation and apportionment of CAD Sequence of CAD deduction and recapture Recapture of the capital acquisition deduction Administrative rulings discussing the CAD and CAD recapture Business loss Tax base: selected topics Allocation and apportionment Working papers.
Digital File Characteristics
Source of Description
Title from title screen (viewed Nov. 22, 2010).