Turnaround and Restructuring Tax Services: Why Multistate Tax Matters
Although the global economy appears to show signs of recovery, many companies continue to face challenges. Whether your company is simply underperforming or headed toward a period of financial distress, you need a strong advisor specializing in turnaround and restructuring to help navigate you through the variety of related state and local tax issues.
The failure to identify and raise the relevant state and local tax considerations can result in unexpected and unplanned financial statement impact, cash costs and missed planning opportunities to preserve state tax attributes.
This piece identifies significant issues arising during times of financial distress and why addressing the related multistate tax issues should not be ignored.