Operations In 50 States Doesn’t Mean Being Taxed 50 TimesShare
A client operating in all 50 states needed help with the daunting task of tax planning and compliance for every state. AGH worked closely with our client’s attorneys to redefine the corporate structure, minimizing tax liabilities while maintaining solid legal protection. We ultimately created five separate entities, which enabled us to allocate income between states in a way that helped reduce tax liabilities. Then, based on state laws, we suggested the best method of consolidating for state tax purposes allowing us to prepare tax returns for all 50 states in the most tax efficient manner.