The Portfolio offers practical guidance from practitioners for early career tax professionals or others, who are less familiar with state corporate income taxation. It

provides a comprehensive guide to understanding how state corporate income taxes are imposed, calculated and filed.

There is guidance on jurisdictional issues particular to corporate income taxation:  computation of the corporate income tax base, along with apportionment, credits,and filing methodologies. 

The portfolio also describes foundational state corporate income tax concepts such as the difference between combined reporting and consolidated returns and offers a plain language discussion on unitary business principles, along with apportionable income versus allocable income. 

In addition, there is a comparison of Water’s Edge and Worldwide Combined Reporting. 

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind