The worst bit of news that you could receive on a day when you are up to your ears in tax returns is the notice of audit. The potential for a substantial tax deficiency exists. However, the real burden is the immense amount of time and effort that the audit requires.
We provide a variety of services in dealing with the various state and local tax authorities. These services may include audit assistance, as well as, litigation support. We are also available to apply for ruling requests and to prepare voluntary disclosure applications. We are in contact with state tax authorities every day. We are active in various tax groups, including professional societies and many business groups. This allows us to keep our fingers on the pulse of what's happening in state and local government.
We have access to the latest in technology. All our tax research services are online and daily updates keep us up-to-date on what is happening not only in state government, but also in the courts. We visit the state tax web sites frequently to pull off information useful in our practice.
The following is a list of our Tax Audit and Advocacy Services:
Sales and Use Tax Audit Defense - We are professionals who specialize in sales and use tax, to address sales and use tax audit problems. Our audit defense team works with the state auditors to design an audit approach that is both efficient and fair. They utilize the latest technology extensively in audit defense work. Database analysis software is used to analyze audit data. Statistical sampling and statistical estimation techniques are used to efficiently audit the data. The latest electronic research tools are used to find the answers to complicated state tax audit issues.
Income and Franchise Tax Audit Defense - Our audit defense team works with the state auditors to design an audit approach that is both efficient and fair. Tax issues are researched as they develop during the audit. Specialists pursue the legal positions and develop strategies to address both current and future issues. The latest electronic research tools are used to find the answers to complicated state tax audit issues. On-line research services allow us to access the nexus standards, apportionment rules and tax laws of all states.
State And Local Tax Litigation Support - To no one's great surprise, taxpayers may not always be in agreement with the positions taken by tax authorities. When this is the case, the taxpayer has a variety of remedies available depending on the stage of the controversy. We are professionals working full-time in the state and local tax arena and are available to assist in the preparation of a tax protest.
Voluntary Disclosure - It is very possible that your company may have a filing obligation in a state where you are not currently filing. If this is the case, you may have a substantial undisclosed liability. Failure to file tax returns and pay tax may expose your company not only back taxes, but also significant amounts of penalty and interest. The liability for taxes extends back to the year when your company first became liable for tax in the state. It could be as many as ten years or more. The penalties imposed for failure to file and/or pay your taxes can be as much as 50% per year. Interest is almost always added to the tax at statutory rates computed from the original due date of the tax return.