Jerry Shanker Publishes State Income Tax Article

The New Jersey Bar Association’s Business Law Section Newsletter published KRS partner Jerry Shanker’s article entitled, “State Income Tax Issues for Professional Service Firms.” 

Many states have raised additional revenue through increased tax collections, primarily by identification of noncompliant foreign entities doing business within the state and nonresident individuals receiving income from sources within the state. Focusing on professional service firms doing business in New Jersey, New York, and Pennsylvania, this article discusses nexus issues, tax filing requirements, and income tax allocation methods, as well as the consquences of noncompliance with state tax statutes.

Download the article here: State Income Tax Issues for Professional Service Firms