Corporate Income & Franchise Taxes
Performing business activities across state borders could result in the company having a tax return filing requirement within that state for either income or net worth taxes. States have become increasingly more aggressive in locating companies whose business activities have created this filing requirement, but have failed to file the required returns.
Corporations are now being faced with an ever-increasing tax return and tax burden. Keeping abreast of the differing laws between states, such as the income allocation or apportionment rules and business vs. non-business income determinations, can be an enormous challenge for your internal tax department.
Schenck's SALT team can assist you with your corporate income/franchise tax needs which may include accurately and efficiently preparing your company's state and local tax returns, consulting as to what states your company has established a filing requirement in, and a discussion of your tax exposure in those states.
- Compliance Reviews
- Nexus Consulting
- Voluntary Disclosure
- Apportionment and Business/Non-Business Income Reviews
- Audit and Appeals Defense
- Offers in Compromise, Penalty Abatement, and Installment Plans
- State Tax Planning
- Assistance with Mergers and Acquisitions
- Cost Segregation Studies
- Advisory Opinions/Ruling Requests