BNA Enhances Acclaimed State Tax Library with Expanded State-specific Corporate Income Tax and Individual Income Tax Data and Custom Chart Builders

ARLINGTON, Va., Oct. 14, 2011 /PRNewswire-USNewswire/ -- BNA's Premier State Tax Library, well known for providing expert-written topical state tax analysis, has been expanded to include a Corporate Income Tax Navigator and an Individual Income Tax Navigator. These new tools offer tax practitioners access to up-to-date, detailed state-specific tax data.   In addition, BNA has added hundreds of customizable charts with the Corporate Income Tax Chart Builder and Individual Income Tax Chart Builder.

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"With most states facing widening budget gaps and taking a hard look at ways to generate more revenue through modifications in the tax code, tax practitioners need a way to easily find the most current tax information for the states in which they or their clients do business," notes George Farrah, Executive Editor at BNA. "We're offering a way to quickly find the state-specific analysis practitioners need with links to applicable statutes, regulations, court cases, and tax department guidance. The launch of these new navigators brings the added dimension of expanded state-by-state coverage to BNA's robust state tax information service."

Offering easy navigation of tax subject areas through a consistent structure from state to state, BNA's new state tax navigators include the insights of expert practitioners and combine both a topical and state-by-state approach. Easily created charts go beyond a 'yes' or 'no' answer with thorough explanations and links to relevant primary sources and further information within BNA's core state analysis.

The Corporate Income Tax Navigator provides state-by-state comprehensive coverage of the key aspects of each jurisdiction's corporate income tax system. The content for each state addresses:

• nexus implications
• entities subject to tax
• computation of taxable income
• allocation and apportionment
• group taxation
• pass-through entities
• due dates and filing requirements
• limitations and enforcement provisions
• protest and appeal procedures, and
• unclaimed property

The Individual Income Tax Navigator provides state-by-state comprehensive coverage of the key aspects each jurisdiction's individual income tax system, with coverage for each state addressing:

• taxable persons
• the computation of taxable income
• the tax treatment of residents and nonresidents
• due dates and filling requirements
• limitations and enforcement provisions, and
• protest and appeal procedures  

Coupled with BNA's already popular Sales & Use Tax Navigator, these new navigators provide the ability to select one or multiple states, numerous topics for consideration such as the tax treatment of part-year and nonresidents, conformity to the Internal Revenue Code, electronic filing requirements, and multiple ways to display the results and export reports.

All three navigators are incorporated into BNA's Premier State Tax Library, a comprehensive research service that features in-depth analysis on major state tax issues — including nexus — in more than 70 BNA Portfolios.  The library also provides the latest news and developments, commentary on emerging trends, extensive coverage of sales and use, corporate income, and personal income taxes, ongoing discussions with leading tax experts, and chart builders to expedite research.

Tax professionals wishing to try the Corporate Income Tax Navigator and Individual Income Tax Navigator can do so by contacting BNA at 800.372.1033 or by taking a trial to the Premier State Tax Library by visiting bna.com.

About BNA
BNA, a wholly-owned subsidiary of Bloomberg L.P., is a leading source of legal, regulatory, and business information for professionals. Our network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals.  BNA's authoritative coverage spans the full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & security, human resources, and environment, health & safety.

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SOURCE BNA Tax & Accounting