Model how repatriation, a territorial tax system, 100% expensing, and interest limitations may affect the state tax base, apportionment and state tax attributes.
Global and domestic incentives
Develop a state incentives strategy for additional investments made by companies as a result of tax reform.
Legal entity rationalization and value chain transformation
Implement proposed business and structural changes in a way that may reduce detriments and enhance benefits of tax reform from a state tax perspective.
Review state tax deferred results from tax reform, including the impact of state conformity to or decoupling from the interest expense limitation and full expensing.
State automation and reporting
Perform state-specific calculations that may no longer be required for federal tax filings due to states' nonconformity to the federal changes.