In conducting multistate tax planning,the taxpayer should:

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All of the options listed are important considerations when conducting multistate tax planning. The taxpayer should review tax opportunities in light of their effect on the overall business, consider additional administrative costs generated by the plan, exploit inconsistencies among the statutes and formulas of the states, and recognize that minimizing state tax costs may not always be prudent. Taking all of these factors into account will lead to a more effective and comprehensive multistate tax plan.

In Conducting Multistate Tax Planning,the Taxpayer Should