Key Issues Associated with Tracking Fixed Assets for Multi-State and International Companies

Posted by Margaret Amsden on September 14, 2017

Margaret Amsden

Businesses operating in multiple states or across international borders should be aware of common issues associated with tracking fixed assets and related depreciation. If these differences are not acknowledged these common issues can result in unexpected tax liabilities. Section 179 & Bonus Depreciation The starting point for calculating a company’s state tax liability begins with its federal taxable income. This is then adjusted for a variety of modifications such as state tax expense or depreciation. Depreciation expense is the most common modification encountered when calculating a state’s taxable base by virtually every company doing business on a multi-state …

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