Tax Compliance

Tax Compliance

Andersen’s experienced professionals can help your business or fund optimize its tax processes and structures to meet tax compliance requirements.

Our compliance services cover:

• U.S. Federal Income Tax: Assistance in preparing complex or data-intensive federal and state tax returns, including intricate book/tax difference calculations. We help identify and prepare tax adjustments necessary for deriving taxable income.

• State & Local Income Tax: Our SALT team analyzes this complex area to uncover permanent and recurring savings opportunities while effectively managing audit and penalty risks.

• U.S. International Tax: Andersen’s specialized services range from basic to sophisticated planning, including guidance on entity or branch choices, acquisitions, joint ventures, financings, foreign-loss utilization, holding companies, IP planning, and cost sharing.

Tax compliance assistance for businesses integrates the following:

• Prepare or review of returns prepared by in-house tax personnel or outside preparers, for C corporations, S corporations, partnerships, consolidated groups, or limited liability companies.
• Evaluate uncertain tax-return-positions and related documentation to avert accuracy-related penalty (Sec. 6662, substantial-authority, and more-likely-­than-not standards).
• In-house vs. outsourcing decisions relating to tax activities.
• Evaluate commercial or in-house software used for tax-return preparation, knowledge sharing, tax research, and tax planning/analysis.
• Help with federal/state/local estimated-tax calculations and penalty avoidance.
• Verify interest computations on tax refunds/deficiencies.
• Exam defense and controversy resolution through all levels of administrative representation.