MN & IRC Conformity

Minnesota Gov. Mark Dayton has signed legislation conforming the state’s corporate franchise and personal income tax retroactively to tax year 2014 for most federal changes enacted since March 26, 2014. As a result of the legislation, the Internal Revenue Code (IRC) conformity tie-in date for purposes of computing corporate franchise and personal income tax liability is December 31, 2014.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s