Corporate Tax Services
Is your corporate tax function keeping pace with today's complex tax environment?
A disciplined, integrated approach to corporate tax requires experienced tax professionals who understand the distinct tax concerns of corporations. We understand tax laws, tax process and tax technology and how they interact with your business strategy and operations to create effective tax results.
Our comprehensive corporate tax services are especially beneficial to corporations and tax departments that have experienced or expect to undergo transformative change, such as:
- Leadership changes
- Technology integrations
- Substantial regulatory adjustments
- Operational changes
- Expansion into new markets or services
Success breeds complexity; we can help you simplify
Our corporate tax specialists coordinate with our federal, international, state and local, and tax technology specialists to identify and streamline effective approaches to your corporate tax concerns. These may include:
- Tax compliance across all jurisdictions, including international, state and local
- Accounting for income taxes
- Technology selection and optimization
- Process and workflow improvement
- Mergers and acquisitions tax services
- Co-sourcing and outsourcing of roles or processes
- Specialty tax consulting
- Strategic tax planning
Taxpayer’s issuance of additional debt for cash supports deduction of unamortized costs incurred at earlier issuance.
The proposed regulations provided that nonrecognition treatment would only be available in transactions involving an exchange of net value.
Treasury has recently identified eight regulations that impose undue burden or complexity, or exceed the statutory authority of the IRS.
Decision calls for caution where deductions might be considered double deductions, as it requires clear authorization for double deductions.
Exelon’s power plant sale-leasebacks treated as loans, not as ownership of the property, so the tax deferral Exelon sought was denied.
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