Multistate Income/Franchise Tax

Nearly every state has some form or a combination of an income, franchise or privilege tax. Accordingly, companies that operate in multiple states face an increasingly difficult burden to comply with states' complex and ever-changing laws and regulations.

Our team of State and Local Tax professionals is committed to assisting you in complying with these state tax laws and regulations and achieving your state tax goals. Some of the ways we can assist and add value to your organization include:

  • Nexus Studies - Review of your company's state and local tax filing obligations.
  • Due Diligence Reviews - Analysis of the potential state and local tax impact of proposed corporate changes, including buy-sell agreements.
  • Voluntary Disclosure Agreements - Negotiations and advance filing agreements with state tax departments to satisfy income/franchise tax liabilities, along with reduced or abated penalty/interest.
  • State and Local Tax Planning - Management of your company's state tax liability through industry and client-specific state and local tax planning strategies.
  • Review of Business Structure - Review of your company's current operational and organizational structure to ensure optimal structure.
  • Audit Representation - Assistance from the pre-audit conference through the appeals process to help minimize income/franchise tax assessments.
  • Amended State Tax Returns (RAR Adjustments) - Assistance with amended state income and franchise tax returns after the completion of an IRS audit.

Our experienced professionals have been extremely successful in representing clients of all sizes and across numerous industries in matters such as those described above.

The insight, innovation and experience of Schneider Downs' State and Local Tax professionals can assist you in navigating the labyrinth of income/franchise tax laws.

case studies

 
big problem:
Ransomware attack halted a global manufacturer's operations.
big thinking:
Recover and secure the system – fast – save $1 million in ransom.
 
big problem:
High tax burden for family-owned franchisor.
big thinking:
Comprehensive planning for a 15% tax reduction.

our thoughts on

Proposed House Bill Would Eliminate State and Local Tax Deduction Cap

House Democrats have proposed a bill that would remove the $10,000 cap on state and local tax (SALT) deductions. Called the “Restoring Tax Fairness

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Louisiana Issues Filing Extension After Ransomware Attack

The state of Louisiana became the latest victim of a string of cybersecurity incidents involving government agencies when a ransomware attack impacted

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Delaware Unclaimed Property

If your business is domiciled in the state of Delaware or is currently doing business in the state, your company may have significant Delaware unclaimed

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PA DOR Will Apply $500,000 Economic Nexus Rule for Corporation Income Tax Filings in 2020

The Pennsylvania Department of Revenue recently issued Corporate Tax Bulletin 2019-04[i], which implemented a $500,000 economic nexus threshold for Corporate

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To Comply or Not? Kansas Issues Filing Requirement for Remote Sellers and Marketplace Providers

The Kansas Department of Revenue issued Notice 19-04 “Sales Tax Requirements for Retailers Doing Business in Kansas” on August 1, 2019, providing

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Map of Pittsburgh Office
Pittsburgh

One PPG Place, Suite 1700
Pittsburgh, PA 15222

contactsd@schneiderdowns.com
p:412.261.3644     f:412.261.4876

Map of Columbus Office
Columbus

65 East State Street, Suite 2000
Columbus, OH 43215

contactsd@schneiderdowns.com
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102