State and Local Tax (SALT) attorney Will Thistle was quoted in Bloomberg BNA on the Alabama composite return rule that offers additional guidance and limited exemptions. The new proposal is the Department of Revenue’s (DOR) second attempt to amend the rules after public comments that called for revisions.
“To its credit, the department has attempted to address many – though certainly not all – of the concerns the ASCPA [Alabama Society of CPAs] raised, most notably related to the request for guidance regarding tiered structures,” Thistle said.
The complete article, “Alabama Composite Return Rule Offers Guidance, Limited Exemptions,” appeared in Bloomberg BNA on October 21, 2016. (login required)