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Multi-State Income and Franchise Tax
As states continue to modify their income tax filing requirements, rules and nexus positions, it increases the need for businesses to be informed of the changing environment. HORNE LLP assists companies on state income tax matters, including:
Audit Assistance and Controversy Resolution - HORNE assists in managing the audit process, identifying available alternatives, and working to minimize the audit burden.
Nexus Studies and Voluntary Disclosure Assistance - By performing a nexus review, HORNE helps companies to understand the consequences of involvement in each state, especially since states are continually trying to establish new nexus standards to increase their tax base.
State Tax Reduction Strategies (STAR) - HORNE assists companies in restructuring their current business model to achieve better state and local tax effects. HORNE helps the company to choose the correct entity type for the business and location of business facilities, as well as assisting with apportionment planning and any other restructuring planning.
Reverse Income Tax Audits (RITA) - During a reverse income tax audit, HORNE's team reviews apportionment work papers, applicable filing positions, and all income/franchise tax returns in order to examine the potential for refund opportunities.
Credits and Incentives - HORNE reviews your company's tax return and business operations to discover potential tax credits and incentives either prospective or retroactive.
Acquisition Planning - HORNE's acquisition planning services include assistance with the performance of state tax due diligence as it relates to specific transactions during the planning of an acquisition.
Provision Assistance - HORNE assists with income tax provisions, with related FIN 48 or other financial accounting items, as they relate to income tax positions of the company.
For more information on HORNE's multi-state income and franchise tax services, contact State & Local Tax Director David Stevens at 601.326.1032 or email him at david.stevens@horne-llp.com to learn more.
