Major Transactions May Necessitate Earnings and Profit Assistance
If your company is undertaking a major transaction — restructuring (including bankruptcy restructuring), disposing of unwanted subsidiaries, making a large distribution or making strategic acquisitions using both cash and stock — it may need assistance in completing a stock basis or earnings and profit (E&P) analysis.
Our E&P advisory services include:
- Calculating stock basis and E&P for domestic consolidated groups
- Providing support for excess loss accounts, the circular basis rules associated with the sale of subsidiaries, allocations of E&P in spin-offs and stock basis and E&P under separate company state tax rules
- Assisting with the related calculation of the ASC 740 tax provision and preparation of required disclosures
- Advising on other consolidated tax return and reorganization matters, including Subchapter C issues and other corporate tax matters
For more information, download the attached PDF.