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26 April 2016

Correction to Quarterly Tax Accounting Developments for 1st quarter 2016

The Q1 2016 edition of Quarterly Tax Developments, which was published March 30, 2016, reported that Tennessee's income apportionment method and its market-based apportionment formula for sales of non-tangible personal property became effective January 1, 2016. In fact, those provisions will not be effective until July 1, 2016. The publication has been corrected and is attached below; it also can be accessed through Tax Alert 2016-590.

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ATTACHMENTS

Quarterly Tax Accounting Developments for 1st quarter 2016

Document ID: 2016-0756

 

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