Significant Developments in Corporate Franchise Tax, Income Tax and Municipal Income Tax

Topics of this presentation included:

Sub House Bill 73 - Change in “Bright Line””Residency Test
Prior 120 “contact periods” - Plus 30 Replaced With 182 contact periods
New Statement Required in All Cases - Failure to File Statement or Filing False Statement Results in Loss of Presumption
Incorporation of Internal Revenue Code as of December 28, 2006
Statutes of Limitation For Assessment and Collection
Job Creation and Job Retention Tax Credits
Innocent Spouse Relief
Ohio Resident Credit Intersects With Kentucky Tax Modernization Act
Restoration of Federal Pass-Through Entity Treatment For Taxable Years Beginning on or After January 1, 2007
Proposed New Rule For Nonresident Spouse Filing Joint Federal Return Information Release IT 2006
National City Case
Knust Case

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