Professional athletes are required by many states to consider “duty days” when determining taxable income. What are duty days? Does the state in which your university is located have duty days? Compare and contrast the definition of duty days between California and Michigan, specifically with reference to different treatment of different sports.
Answer to relevant QuestionsCompare and contrast additions to unadjusted federal income in Utah, Delaware, and New Mexico. State University invites Dr. Byko, a Russian citizen, to become a member of the faculty for a three-year period to work on a large grant the university obtained from the National Aeronautics and Space Administration (NASA). ...Three international students are paid $ 1,000 per month to be teaching assistants in their university’s Department of Accounting. The students from India and China have been in the United States for six years, and the ...Taylor Joseph has held stock in Foreign Corporation classified as a passive-foreign-investment corporation (PFIC) for the last three years. Starting with the current year, Foreign will no longer meet the definition of a ...Why is state and local tax planning becoming more important?
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