Posted by taxguru on April 14, 2002
Complicating Things Even More
Many of the States piggyback their income tax forms & calculations on the Federal forms and numbers. Some times, the link to the Federal rules is automatic, while other times, it requires a specific act by the State’s Rulers. With so many changes in the Federal tax laws in the past several months, the States are still trying to catch up. This makes for an even more complicated tax return process. As described in this story about the PRC’s attempt’s to enact conforming legislation, they may eventually do it.
If and when the various States do enact such legislation, I know one result; a lot of work preparing amended State income tax returns. There is no more secure career than tax practitioner.
KMK
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