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:
A not-for-profit client out of 401(k) compliance.
big thinking:
Allowing more contributions by highly paid employees.
 
big problem:
Hackers attempting a six-figure wire transfer.
big thinking:
Rapid action spearheaded active containment and response.

our thoughts on

2019-2020 Pennsylvania Budget

Governor Tom Wolf and the Pennsylvania legislature finalized the state budget before the beginning of the new fiscal year on July 1, 2019. The budget does

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Which States Can Tax Your Trust?

Imagine that you are a taxpayer living in Pennsylvania who has recently established a trust for the benefit of your Ohio-resident children. Further imagine

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Illinois Tax Amnesty Program

The Illinois legislature recently passed and Governor J.B. Pritzker signed into law a amnesty program that will run from October 1, 2019 through November

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Final Regulations on Charitable Contributions When a State or Local Tax Credit is Received

The Treasury Department and the Internal Revenue Service have issued the final regulations regarding charitable contributions for donors also receiving

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Determining State Residency for Income Tax Purposes

“How do I change my residency for state income tax purposes?” This is a common question that comes up at least several times during tax season.

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contact us

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 Columbus Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102