State and local tax due diligence: What’s the exposure?

As the owners of a company contemplate selling, the historic state and local tax filings and activities will be a focus of a sophisticated buyer. It’s important for both the buyer and the seller to take into consideration all material state and local filing positions before concluding a sale. These articles written by members of our multistate tax team, as seen in WICPA’s OnBalance, will help you understand how tax due diligence relates to state income, franchise, and sales and use taxes as well as help you learn ways to remediate state and local tax exposure that might affect a pending transaction.

Part 1: Due diligence generally and income/franchise taxes >

Part 2: Sales and use tax and exposure mitigation recommendations >

For more information on this topic, or to learn how Baker Tilly tax specialists can help, contact our team.