Tax Mergers and Acquisitions
Protecting and maximizing your deal
Whether you are buying or selling, tax issues can complicate every deal. Finding a transaction structure that meets the needs of the buyer and the seller, achieving a step-up in tax basis, and determining whether and how net operating losses, carryforwards and other tax attributes can be utilized are complex issues that need to be addressed.
RSM’s mergers and acquisitions tax professionals understand transactions. We’ve worked on thousands of transactions for large public companies, S corporations, partnerships, family-owned businesses and entrepreneurs. We work with companies across a wide range of industries and with diverse strategies and goals. Our professionals know the issues and the solutions.
Because understanding taxes isn’t enough, we won’t rest until we understand your business, your goals, the reasons behind your strategy and your transaction. Only then will we tailor a solution to the tax issues surrounding your transaction that is right for you.
The IRS is reconsidering the traditional rule requiring revenue to satisfy the active trade or business requirement of section 355.
The IRS, in a recent PLR, has allowed a taxpayer to change its entity classification election inside the general 60-month no change period.
Tax deferral sought by Exelon denied; deficiency and penalty amounts in excess of $526 million affirmed on appeal.
Tax-advantaged debt repayments addressed in new revenue procedure, providing roadmap for certain spin-off transactions.
Fiscal year corporations seeking to carry back certain net operating losses gain reason to hope from Committee members’ letter.