Deductible or not deductible? The Michigan SBT question. (Single Business Tax): An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on November 1, 1995. The length of the article is 1170 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Michigan Single Business Tax (MSBT) concerns many taxpayers because some states have refused to allow taxpayers to deduct MSBT payments from taxable income as is often allowed for corporate income taxes paid in other states. The MSBT is more of a value-added tax than an income tax so some states have refused to treat it like a state income tax. Some states are bifurcating MSBT payments into deductible and nondeductible components.

Citation Details
Title: Deductible or not deductible? The Michigan SBT question. (Single Business Tax)
Author: William B. Curlee
Publication:The Tax Adviser (Magazine/Journal)
Date: November 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n11 Page: 672(2)

Distributed by Thomson Gale