ACCT 580- Advanced Taxation

Research Exercise #2: Multijurisdictional Taxation

Instructions:

To complete this assignment, you need to use the CCH Tax Research Network, available on  the CWU Library network:

  1. You must be logged into the CWU network (click here for help).

  2. You should click on this link to the CCH tax service with your right mouse button and have the CCH service open in a new window. Then you can use the service to find the answers and the form below to submit your answers.

  3. To use the CCH Tax Research Network to answer these questions:

    -Click on the Enter button on the first web page  
    -Click on the Federal tab on the main page of the CCH Tax Research Network  
    -Select the appropriate CCH features/resources for the exercise.  

Purpose:

The purpose of this exercise is to introduce you to the use of CCH for the purpose of:

  1. Finding a court case using the "Find by Citation" feature;

  2. Under the State portion of the CCH service; and

  3. Reviewing and interpreting the court case.

 

Last Name:  

 First Name:  

 

CCH Search Section Document to find: Enter your answer:
State Tab-
"Find by Citation" Feature		 Find and refer to the New Mexico tax case at
115 N.M. 612		  

Facts
1. List the taxpayer involved in this case.
2. List the tax accounting periods that are being examined.
3. Identify the method of accounting used by the taxpayers. Cash
Accrual		 Hybrid
Unspecified
4. List the components & amounts of the tax base that are in dispute.
Issues 5. Briefly explain the issue in this case.
6. Briefly explain the extent of and the governance of the taxpayer's worldwide operations.

Authorities

 7. Briefly explain how the Court in this case countered the U.S. Supreme Court's decisions in the cases of ASARCO, Inc. and Container Corp.
8. Briefly explain why the NM Taxation and Revenue Department asserted that the Japan Line case did not apply to this case? (What facts and circumstances distinguish the two cases?)
9. Briefly explain how the NM Taxation and Revenue Department determined the taxpayer's income tax liability and identify the tax apportionment factors that were derived in this process.
Conclusion 10. How did NCR and New Mexico's apportionment statute fare in this case? (What was the court's ruling?)
11. In which other states did the taxpayer experience similar decisions?

    
When you select Submit, your answers will be submitted to a database for grading by me.
The confirmation page that opens will be the only confirmation that you receive.

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Ronald R. Tidd, Ph.D., CPA
509.963.2466
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