In challenging economies, state revenues are often hit hard. The recent downturn was no exception, with many states facing severe and continuing revenue shortfalls.
For corporate taxpayers that are also strapped for cash in a down economy, state budget woes may potentially produce settlement opportunities. States seeking to bring in revenue may chose to avoid a prolonged dispute and, instead, consider compromises and agreements to resolve outstanding tax liabilities.
To learn more, click here and read the Multistate tax controversy services ebrochure.