A recent New York State Department of Taxation and Finance Advisory Opinion (TSB-A-02(10)C) has stated that, for New York corporate franchise (income) tax purposes, a taxpayer eligible to treat its cash on hand and on deposit as investment capital may use a zero investment allocation percentage in allocating the investment income attributable to such items of cash, other than interest received on bank accounts.
This digital document is an article from The CPA Journal, most recently published by New York State Society of Certified Public Accountants on February 28, 2003. The length of the article is 790 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details Title: Zero investment allocation percentage allowed for New York state franchise tax
Author: Henry Goldwasser
Publication: The CPA Journal (Feature)
Date: February 28, 2003
Publisher: New York State Society of Certified Public Accountants
Volume: 73
Issue: 2
Page: 75
Distributed by ProQuest Information and Learning
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Zero investment allocation percentage allowed for New York state franchise tax: An ar 
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