Service

Income & Franchise Tax

Working with you to effectively and efficiently comply with income and franchise tax regulations.

Michael R. Deal

Michael R. Deal

Principal, Tax, SALT Asset Mgmt, KPMG US

+1 312-665-1798

TaxWatch Webcast replay

Watch a replay of this 8/17/22 TaxWatch webcast featuring recent developments in Pennsylvania. 

Watch here

TWIST-Q

The latest issue features a checklist of state and local tax legislative developments for the second quarter of 2022. 

Read


Listen to the latest This Week in State Tax (TWIST) podcast for recent state tax developments

Stay competitive and reach long-term business objectives

Constant legislative changes and inconsistent income and franchise tax regulations on state and local levels can result in undue complexity—and make effective and efficient compliance difficult.

KPMG's Income and Franchise Tax Services professionals, working with our State Tax Resource Network, provide you with timely access to tax insights and guidance to help address issues that may affect your competitiveness and ability to meet long-term business objectives.

With specialized knowledge—and strong working relationships with tax authorities in every state—our team offers a broad array of services to help you manage income and franchise tax issues you may encounter. From complex rulings to state tax audit assistance--and representation to tax advice on real transactions—we can help you effectively and efficiently comply with state income and franchise tax regulations.

Locating the right services for you

Utilizing a broad range of technology tools wherever possible, KPMG’s Income and Franchise Tax Services include:


Nexus analysis and voluntary disclosure
Analyzing current in-state activities and contacts to determine if a filing requirement exists and helping resolve any past exposures


Apportionment reviews
assisting with the determination of the appropriate methodology of apportionment and allocation of revenue using data analytics to capture information entered by other functions within the company’s ERP or other systems to help ensure the company is accurately complying with state apportionment rules that are changing on a daily basis


Return reviews
Analyzing previously filed returns, filing positions and business activities to identify potential overpayments of state income and franchise tax and under-utilization of state tax credits and net operating losses


Compliance
Preparing state income tax estimates, extensions, annual returns and amended returns


Dispute resolution
assisting with state tax audits, as well as rulings requests to secure guidance


Credit and incentive reviews
identifying significant tax credits and incentives available for multistate operations


Restructuring and tax planning
assisting with improving structure from a statutory, organizational and cost perspective; analyzing a financial and operational situation or plan from a tax perspective


With offices coast to coast, KPMG Income and Franchise Tax Services professionals do business everywhere that you do.