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State Income and Franchise Tax Services
State income and franchise tax strategies to support your business goals
Income and franchise taxes can be a significant portion of the overall SALT exposure for companies doing business in multiple states. Each state has its own rules, unique compliance challenges and planning opportunities. Our experienced SALT team works with you to resolve your income and franchise tax concerns. Services include:
- State and local tax evaluation
- Due diligence
- Reverse income tax audit
- Multistate tax return reviews
- Multistate credits and incentives
- Audit defense and appeals
- Individual income tax planning
- Nexus evaluation and voluntary disclosure agreements
Learn more about RSM’s collaborative approach to income and franchise taxes.
Filing limitations and requirements at the state level may create both risks and opportunities for federal consolidated filers.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending Sept. 30, 2021.
Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.