Audit and controversy
With the expected increases in state budget shortfalls, audit activity will intensify as states seek to bring in more revenue. Lack of guidance on federal tax provisions as well as uncertainties within state tax law will lead to:
These changes will likely create an undue burden on taxpayers to support their state tax positions and may subject taxpayers to the hazards of litigation when challenged with aggressive state tax assessments.
Tax Function of the Future — State Tax Predictions - Audit & controversy - Analyzing your records
Tax Function of the Future — State Tax Predictions - Audit & controversy - what's taxable?
Tax Function of the Future — State Tax Predictions - Audit & controversy - Income/Franchise Tax
The following audit and controversy changes may impact your business:
We can help you transform risk and compliance into business benefit and stakeholder confidence. Together we take your teams further than compliance, understanding the complex intersection of your business and the regulatory tax environment to uncover opportunities for competitive advantage. We work with you to redesign, redefine and redeploy the state tax function as a force for driving trust and value through greater transparency.
To learn more about PwC’s State and Local Tax services visit http://www.pwc.com/us/en/state-local-tax.html
Partner, National Indirect Tax Leader, PwC US
Asset Management Tax Leader, PwC US