Mandatory Unitary Combined Reporting: Navigating Conflicting and Evolving State Rules

Connecticut and Rhode Island have recently adopted MUCR, and other separate entity states continue to consider combined reporting legislative proposals. Multi-state companies face tough challenges in determining what entities should be combined and in which states. Tax specialists must understand the intricacies of the various states’ group formation rules and “unitary group” definitions and also the amount of leeway that auditors may possess to add companies to a combined return.

Reed Smith attorney Mike Shaikh will join a panel to review the latest developments in combined reporting for state corporate income tax purposes for the benefit of corporate tax professionals and advisors. The panel will offer approaches to streamline compliance and address the challenges of sometimes contradictory and competing regulations requiring mandatory unitary combined reporting (“MUCR”) or discretionary combined reporting.

The program will address the most challenging areas of combined reporting mandates, such as:

• Keeping up with the latest state actions in legislatures, revenue agencies and courts, and the outlook for future moves on combined reporting
• Differentiating between states’ definitions of the “unitary group” concept
• Navigating ownership thresholds and the inclusion of special entities such as insurance subsidiaries and REITs
• Addressing numerous states’ regulations and compliance demands as a multi-state company
• Understanding “non-mandatory” or “discretionary” combination

After the presentations, the panel will engage in a live question and answer session with participants to answer questions about these important issues.

Register here.