BNA Launches One-of-a-Kind Research Tool for Navigating State Tax Nexus

ARLINGTON, Va., May 14 /PRNewswire-USNewswire/ -- As state tax issues increase due to increasing budget deficits, BNA Tax & Accounting announced today that it has launched the new State Tax Nexus Evaluator, a new, one-of-a-kind research tool that helps businesses and practitioners determine income tax nexus for 50 U.S. states, Washington, D.C. and New York City. This new product comes at an ideal time for tax practitioners as states are inventing ways to increase tax revenue streams and businesses need to be aware of which activities cause nexus in the different states where they operate.

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"Not only can you analyze existing business activities, but you can also review potential scenario implications for different business activities in multiple states and advise a client or your own business on whether nexus will exist or not," says BNA Tax & Accounting Executive Editor George Farrah.  "This is an unprecedented resource for the corporate tax community."

This easy-to-use tool features 10 major corporate business activity categories, each containing a series of questions about specific activities. The State Tax Nexus Evaluator quickly processes answers and provides a detailed report by state that explains whether nexus may exist.

State Tax Nexus Evaluator helps:

• Select multiple states and/or multiple activities to build a comprehensive nexus comparison chart showing you which states and which activities create nexus for your company's transactions.
• Evaluate multiple years (2009 and 2010) to see how state positions on nexus issues have changed from year to year and how your company could be impacted.
• Get quick answers to nexus questions regarding:  
  • Ownership/leasing of in-state property
  • Ownership interest in in-state pass-through entities
  • Licensing intangibles
  • Employee activities -- sales related
  • Employee activities -- non-sales related
  • Third parties
  • Distribution and delivery of goods
  • Financial
  • Use in-state printers
• Create reports, save and export reports, and customize reports for individual clients. Reports are presented in clear and concise RTF documents for easy importing into Microsoft Word or other applications.
• Archive reports within the State Nexus Evaluator for future reference.

State Tax Nexus Evaluator is a component of the BNA Tax and Accounting Center.  For more information, call 800.372.1033, or go to www.bnatax.com.

About BNA Tax & Accounting

BNA Tax & Accounting is the foremost source of tax and accounting research, news, practice tools, and guidance for tax attorneys, CPAs, corporate tax managers, estate planners, and financial accountants.  For more than 50 years, BNA Tax & Accounting has offered practitioners expert insights and guidance on every significant issue in tax and accounting planning and compliance. Written by practitioners for practitioners, BNA's award-winning Portfolios offer topic-driven, in-depth guidance on transactions designed to help tax professionals achieve new levels of excellence and client service. For more information about our products and services, visit BNA Tax & Accounting online at www.bnatax.com.

SOURCE BNA Tax & Accounting