Services Category: Tax

Services for Your Business: Navigating State and Local Tax Complexity. Overview With over 12,000 state and local tax jurisdictions across the United States, managing your business’s tax obligations can be overwhelming. The dynamic nature of the economy means states are frequently introducing new taxes to bridge revenue gaps, adding another layer of complexity to an already intricate system. Many businesses may not fully grasp the extent of their state tax exposure or the liabilities they’ve already incurred. Expertise Our team of seasoned SALT CPAs specializes in guiding businesses through the labyrinth of state and local taxes. We understand the

Tax Audit Defense With increased information sharing among states and the IRS, audits are on the rise. States target the unsuspecting business owner with a “Letter of Inquiry” to collect information on the company’s multi-state activity. These letters are a precursor to an audit. Most controversies can be settled at the audit or administrative review level once the facts and circumstances of the client’s situation are effectively communicated to the taxing authority. MillerMusmar CPAs is ready to provide you with a thorough understanding of the law, positions, and policies of the taxing authorities. We also can minimize your risk

MillerMusmar CPAs is staffed with professionals who specialize in the delivery of international tax planning and compliance services. We understand the complex tax provisions that apply to inbound and outbound investments as well as the importance of the right business structure. Knowledge like this prepares us to meet your international taxation needs. Foreign Investment Real Property Tax Act (F.I.R.P.T.A.) We have in-house experts that specialize in advising non-resident tax individuals and companies on FIRPTA covered real property sales and treatment of real property rental income reporting. We work with tax attorneys, real estate agents, and settlement companies to address

Our team, with over 50 years of combined experience, leverages its understanding of the tax laws using a proactive approach. We vigilantly keep up to date with the ever-changing federal, state, and local tax laws and regulations as well as have extensively experienced professionals to meet your foreign asset and income reporting requirements. In all, along with a thorough understanding of your core objectives, we are able to identify significant tax planning opportunities which are then utilized to minimize your current and future tax obligations.

Structure Planning MillerMusmar CPAs is geared up to review the structure of your business to produce tax-saving opportunities. This includes benefits from unprofitable affiliates, combined reporting strategies, and optimal entities for jurisdiction. Nexus Planning We also utilize nexus reviews to identify opportunities to reduce your multi-state business’ tax exposure. This planning technique takes advantage of the interrelationships of state tax laws in different jurisdictions. A review of business operations can identify potential exposure to sales and use taxes that may be controlled by minimizing your contact with the tax jurisdiction. Transactional Planning The imposition of state and local taxes