Taxes have implications for businesses throughout their life cycles. Some common business activities affected by taxation include:

• Compensation
• Buy-sell agreements
• Mergers, acquisitions and divestitures
• Equity and debt offerings
• Admission or withdrawal of owners
• Qualified and non-qualified pension and profit sharing plans
• Employee welfare benefit plans
• Fringe benefits plans
• Maintenance of tax exempt status
• Leveraged and single-investor equipment leasing & financing
• Business succession planning
• Estates & trusts
• Tax controversies

In addition, not properly complying with sales and use taxes and tax exemptions subjects companies to penalties and fines. Our clients have access to attorneys with an intimate understanding of taxation rules and regulations and how to use tax laws to benefit you or your company. If you happen to be selected for an audit, inquiry or other proceeding by the Internal Revenue Service, the Pennsylvania Department of Revenue or other taxing authorities, we help you prepare and are by your side at any audits or hearings. We also handle appeals of the audit results through the administrative appeals process and into the court system if necessary.

Sales Tax and Use Tax Reviews

In 2018, the Wayfair Supreme Court decision overturned the long-standing ‘physical presence’ nexus standard for sales and use taxes established under Quill v. North Dakota in 1992, allowing states to impose sales and use tax collection and remittance obligations on remote sellers based solely upon their economic activity in a state. Now, if you sell into a state, you must collect tax versus before when you only needed to have a physical presence. This adds a layer of complexity for businesses.

Tucker Arensberg provides clients with a complimentary sales tax and use tax review. This review is an analysis of the business along with recommendations, and it is free of charge. 

For more information about which businesses the audit is most useful for, and how it will benefit your business, click here to download our one-page document.

Representative Experience:

• Negotiated settlements of multi-year, multimillion dollar tax assessment appeals on behalf of both property owners and taxing bodies.
• Obtained a tax refund of over $75,000 for a small business before the Department of Revenue.
• Successfully resolved a tax refund appeal before the Commonwealth Court and secured an approximate $50,000 tax refund settlement for a small business.
• Counseled and litigated commercial, industrial, residential and non-profit tax assessment appeals and tax exemption applications.
• Development of tax assessment and tax collection programs to ensure proper revenue for municipal/school operations.
• Worked on a Federal Estate return project for a client. When we stated on the project the return showed a $200,000 liability. When we completed our work, the return showed a $ 500,000 refund.