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    0 Replies Latest reply on Sep 10, 2008 11:40 PM by Mybizfiler

    Do we need to maintain books of accounts for each state?

    Mybizfiler Adventurer
      I have a business incorporated in IA.

      I am planning to incorporate the same business in all the 50 states.

      What I would like to know is that do we have to maintain books of accounts classifying each state revenue and expenses separately (by creating classes). Does the state require us to file state tax return even in the foreign states.