New Hampshire Law Partners Face Maine Income Tax

Anytime anybody has brought up the idea of forming a professional corporation to hold a partnership interest in a practice, I have been underwhelmed by it.  The benefits never seemed to outweigh the risk and aggravation.  A May decision by the Supreme Judicial Court of Maine, Daniel P. Luker et al v State Tax Assessor, though, finally showed me one that seemed to be worthwhile.  Sadly, the State of Maine was able to defeat it.  Perhaps even more sadly and ironically it may have been poor execution more than anything else that caused the plan to fail.

http://www.forbes.com/sites/peterjreilly/2011/10/17/new-hampshire-law-partners-face-maine-income-tax/