Illinois Tax Talk: Alternative Apportionment

By Christopher Lutz (August 1, 2018, 2:54 PM EDT) -- Like most states, Illinois statutes and regulations permit taxpayers and the director of the Department of Revenue to obtain alternative apportionment of Illinois base income. Although case law is relatively scant, alternative apportionment remains an important means of reaching a fair income tax liability in the state. And with the state's amorphous treatment of market-based sourcing, alternative apportionment is likely to become an increasingly important tool, particularly in resolving controversies....

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