What You Should Do Next
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You may remember back in 2001 that Alabama passed a law that required companies to add back as taxable income deductions they took on interest and royalty payments made to sister companies. It was to attack a holding company strategy where you value your intangibles and place them in a separate legal entity and that company charges your other entities royalties and interest for using those patents or trademarks.
Have a state or local tax issue or question? Need help? Want peace of mind? We can help! Sign up for a free "What's Next" call and let us get to work for you.