State and local tax resources from the AICPA.

Tax Adviser, The, September, 2006 by Rood, Deborah K.

When the Federal government enacts new tax legislation, state and local governments must find ways to react to it (and, in the case of the Federal government's recent tax-reduction acts, to maintain revenue). They can adopt and/or decouple from Federal statutes, adjust tax rates, alter the timing of tax receipts and modify the number of taxpayers and/or transactions subject to tax in that jurisdiction (i.e., the tax base). Tax advisers for individuals or entities that file income tax returns in a number of state or local jurisdictions are probably aware of the increasing amount of correspondence their clients receive from state and local governments. How is a privately owned business or small practitioner supposed to keep track of all the changes?

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