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

Wayfair Sales and Use Tax Legislation Developments

Recent Wayfair sales and use tax legislation developments include: California enacted new legislation increasing the sales threshold from $100,000 to $500,000

read more >

West Virginia Enacts Special Apportionment Rules for Motor Carriers

Recently the State of West Virginia enacted special apportionment rules for motor carriers owned by individuals, partnerships, other pass-through entities

read more >

Sales Tax - New Legislation Wayfair Trends in 2019

It appears that 2019 is bringing some new trends in Wayfair economic nexus legislation for sales and use taxes. The most recent trend is that states such

read more >

Pennsylvania Department of Revenue's Modernization Project

Earlier this month, the Pennsylvania Department of Revenue announced some recent developments surrounding its multi-year modernization project. My Pennsylvania

read more >

Pennsylvania's New Natural Gas Severance Tax Proposal

On February 5, many Pennsylvanians listened to Governor Tom Wolf’s annual budget address to the state legislature, in which the governor said, in

read more >

Have a question? Ask us!

We’d love to hear from you. Drop us a note, and we’ll respond to you as quickly as possible.

Ask us

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