Some states automatically conform to any Federal tax changes, but others require special legislation to conform. Generally,

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Some states automatically conform to any Federal tax changes, but others require special legislation to conform. Generally, states do not conform to rate changes because state income tax systems have their own rate structure (generally at rates well below the Federal tax rates). Find out if your state conformed to the deduction for qualified business income. Explain why the state did or did not conform. Do you agree? Explain.

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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357109168

43rd Edition

Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney

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Question Posted: Feb 04, 2020 08:30 AM

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Some states automatically conform to any Federal tax changes, but others require special legislation to conform. Generally,

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South Western Federal Taxation 2020 Corporations, Partnerships, Estates And Trusts

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