Allocation and apportionment for state returns
For state corporate income tax purposes, apportionment is the process of assigning to a particular state that portion of a multi-state corporation's income the state may tax.
There's 2 options for entering A&A information:
- Data entry screens inOrganizer,States,Allocation and Apportionment,A&A Data Entry- Information that carries to the state returns is based on the general state tax law since certain categories are included or not included in a specific state factor.noteWhen you use the data entry screens, the system calculates the 'everywhere' amounts for you.
- A&A Organizer/Overrides screens inOrganizer,States,Allocation and Apportionment,A&A Organizer/Overrides- These screens carry the data you enter to the state returns. As a result, there's no programming to control the carry of information based on the state law.noteThe system doesn't calculate the 'everywhere' number for you. You must enter both the 'within' and 'everywhere' amounts manually.
