To meet current budgetary needs, states are considering ways to generate additional tax revenue—not only through legislative initiatives and tax amnesties, but also through enhanced enforcement. To support these efforts, many states are collecting and leveraging information gained from the IRS or increasingly from other states. For many companies, a large percentage of their overall tax liability comes from state and local taxes. With various taxing jurisdictions becoming ever more aggressive, the puzzle of multistate issues can “tax” a company’s internal resources and drain its profits. Companies need to have a state and local tax strategy that meets today’s challenges and business objectives.