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Case Studies Review Results

08.28.2012

Industry:  Electronics Manufacturing/Distribution

Revenue: $270 Million

Challenge A company was allocating sales and income back to the state where the company headquarters were located from out of state facilities, even though there was no requirement for such an allocation. The company didn't understand that they were not subject to tax in the other states, and there was no requirement to allocate sales back to the headquarters state.

Solution The tax professionals at Brown Smith Wallace conducted a thorough review of the company's state tax apportionment theology.  What was discovered was that the company was able to submit refund claims that resulted in tax savings of $850,000 over three years.

For more information on our state and local tax services contact Pam Huelsman at 314.983.1392, phuelsman@bswllc.com.

Team

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