Marcum's SEC and Large Corporate Tax Compliance and Planning Group handles all aspects of tax compliance and planning for public companies and large corporate clients. Group members work directly with clients, and other tax advisory groups, to help minimize their tax liability as well as assisting them in complying with all applicable federal and state tax law. The Group, in conjunction with other tax advisory groups, has provided a multitude of tax services for multi-subsidiary consolidated entities, which includes assistance with various multi-state and multinational consolidated tax issues.
Marcum's SEC and Large Corporate Tax Compliance and Planning Group members have extensive experience in SEC and large corporate tax matters. Collectively, the Group offers more than 100 years of experience related to tax services provided to these types of clients. Its members pursue varying continuing education courses to stay current on the tax issues affecting their clients, including attending both national and local tax seminars.
With client service being one of Marcum's main goals, professionals in the group work directly with the Firm's Commercial Assurance Department in an effort to provide seamless client service. These two Groups, along with other tax advisory groups, regularly work together to identify and address various client issues from both an audit and tax perspective, including for example, how transactions may be reported differently for audit and tax purposes, i.e. a tax-free reorganization/acquisition, and the resulting effects on the client’s financial statement disclosure.
SEC & Large Corporate Compliance and Planning Group Services
- Preparation of tax returns for large, consolidated, domestic, multi-state and multinational returns.
- Assistance in determining optimal tax strategies for acquiring or disposing of a business in either a taxable or non-taxable transaction as well as providing assistance with associated due diligence.
- Tax planning with respect to state and local issues such as nexus, combined vs. separate reporting, sourcing of income, allocation and apportionment.
- Assistance with federal, state and local audits of tax filings.
- Preparation of Sec. 280G golden parachute computations.
- Preparation of documentation and analysis for complex corporate and consolidated return issues including (1) Earnings and profits studies; (2) Sec. 382 change in control analysis and the related impact on net operating loss utilization; and (3) Reg. 1.1502-28 consolidated reduction of tax attributes pursuant to Sec. 108 discharge of indebtedness income.
- Outsourced tax department services including the preparation of ASC 740, Accounting for Income Tax, calculations and the related financial statement disclosures.
- Consulting related to compensation issues including Sec. 409A, qualified and nonqualified stock options and other forms of compensation.
- Assistance in the implementation of tax processes and technology tools.
Related News
October 10, 2019
As Seen In
Bloomberg News quoted Mid-Atlantic Regional Tax Partner-in-Charge Edward Reitmeyer, in an article about the October 15 tax filing deadline, the first under the Tax Cuts & Jobs Act of 2017.
Ed Reitmeyer, the Mid-Atlantic regional partner-in-charge of Tax Services at accounting firm Marcum LLP, said he emailed his staff in late July and September to warn ....
May 16, 2019
As Seen In
Bloomberg News quoted Partner Jeffrey Winkleman, partner-in-charge of Corporate Tax Compliance and Planning, about Senator Marco Rubio's proposed plan for taxing corporate stock buy-backs.
Republican Senator Marco Rubio is on a crusade to compel corporations to prioritize long-term growth over quarterly profits.
February 11, 2019
Tax Compliance
Sales of Publicly Traded Partnerships Are No Easy Task to Report on Your Taxes
Sales reporting of publicly traded partnerships, also known as master limited partnerships, is governed by the IRS rules and regulations on partnerships.
January 15, 2019
As Seen In
Bloomberg quoted Edward Reitmeyer, Mid-Atlantic Regional Partner-in-Charge of Tax & Business Services, on the absence of final IRS rules, due to the government shutdown.
The longest government shutdown in U.S. history could cause tens of thousands of businesses to make a tough choice about whether to claim one of ....
Beyond The Numbers - January 2019
Paying for Family and Medical Leave Will Help Employees Handle Life's Challenges and Generate Tax Savings
Among the many changes included within the Tax Cuts and Jobs Act (TCJA), which was signed into law in December 2017, the Family and Medical ....
December 17, 2018
Tax Flash - Tax Return Compliance
Business Interest Expense Limitation under the Tax Cuts and Jobs Act of 2017
Interest deduction rules were significantly amended under The Tax Cuts and Jobs Act signed into law last December 2017. In early December 2018, the IRS ....
November 07, 2018
As Seen In
Accounting Today announced the availability of the 2018 Marcum Year-End Tax Guide.
Marcum LLP released its 2018 Year-End Tax Guide on Wednesday, providing advice to taxpayers and tax professionals about how to handle the Tax Cuts and ....
November 07, 2018
Press Release
Marcum LLP Releases 2018 Year-End Tax Guide: Reference Tool for Tax Planning
Marcum LLP today released its 2018 Year-End Tax Guide. This year's guide includes 17 chapters discussing how taxpayers are affected by the Tax Cuts & ....
September 17, 2018
Tax Compliance
Tracing of Interest Expense Related to Debt-Financed Distributions
When proceeds are received from a loan, there are various tax consequences depending on whether the borrower is the taxpayer or an entity owned by ....
June 04, 2018
Tax Reform
2018 Gift and Estate Tax Changes under the Tax Cuts and Jobs Act: Transfer More Wealth Tax-Free
The Tax Cuts and Jobs Act (TCJA) of 2017 introduced a wide array of changes to most areas of the tax law beginning with the ....
May 07, 2018
Tax Reform
Tax Cuts and Jobs Act: What is the New Qualified Business Income?
The Tax Cut and Jobs Act of 2017 provides for a new deduction for partners, shareholders, and other owners of pass-through entities, known as the ....
March 13, 2018
As Seen In
Inc. magazine quoted Mid-Atlantic Regional Partner-in-Charge of Tax & Business Services Ed Reitmeyer in an article about errors in the new federal tax law that could cost taxpayers big money.
Many entrepreneurs have celebrated President Trump's signature legislative achievement, the 2017 Tax Cuts and Jobs Act, for decreasing their annual tax bills.
February 27, 2018
Tax Flash - Tax Return Compliance
FASB's Q&A Guidance on the Impact of Tax Reform on Financial Accounting
After the Tax Cuts and Jobs Act was passed, concerns were raised to the Financial Accounting Standards Board regarding implementation of certain provisions of the ....
February 23, 2018
As Seen In
The New York Times quoted national Tax Leader Joseph Perry in an article discussing the complexities and confusion created by the Tax Cuts & Jobs Act, and the likely battles yet to come in Congress.
Never mind that once in a generation tax bill that just passed last year. Congress is headed for years more of big fights over taxes, ....
February 21, 2018
Tax Flash - Tax Return Compliance
The Impact of Tax Reform on Financial Accounting
On December 22, 2017, the Tax Cuts and Jobs Act, was signed into law. The Act will have a significant impact on financial reporting issued ....
February 16, 2018
As Seen In
Long Island Business News wrote about the advice Marcum panelists gave to businesses considering restructuring as C-corps, during the Firm's recent tax reform seminar in Melville.
Much of the Marcum seminar focused on the taxation differences between C‐corps and pass‐through entities, which include partnerships, S‐corporations, limited liability companies and sole proprietorships.
February 15, 2018
Tax Flash - International Taxation
New IRS Directives Issued for Transfer Pricing Examinations
On January 12, 2018, the Large Business and International Division of the Internal Revenue Service issued five directives which provide instructions on how IRS agents ....
February 13, 2018
Tax Flash - Tax Return Compliance
Bipartisan Budget Act of 2018
The Bipartisan Budget Act of 2018, enacted last Friday, February 9, contains a number of tax breaks for both individuals and businesses. These include the ....
February 12, 2018
As Seen In
The Hartford Business Journal quoted Connecticut Tax Partner-in-Charge Brett McGrath, in an article about the impacts of the Tax Cuts & Jobs Act of 2017.
More than 30 years after digesting the last major federal tax overhaul, Connecticut accountants and legal advisers working to interpret the latest changes to the ....
February 09, 2018
As Seen In
CNBC quoted Tax Principal Michael D'Addio in an article about adjusting paycheck withholdings to comply with the new tax rates for individuals.
In January, the Treasury Department released its income tax withholding tables, updated to reflect changes stemming from the Tax Cuts and Jobs Act. The new ....
February 05, 2018
As Seen In
Bloomberg News quoted Ed Reitmeyer, Mid-Atlantic Regional Partner-in-Charge of Tax & Business Services, in an article about tax strategies for owners of pass-through businesses under the new tax law.
If exploiting a tax loophole is as much an art as a science, then the tax planning profession is poised for a creative renaissance. The ....
January 30, 2018
As Seen In
Fox Business spoke with Tax Principal Michael D'Addio about the need to adjust paycheck withholdings under the new tax law.
As employees begin to receive their updated paychecks based on the new tax code changes, many are seeing incorrect withholding amounts, which could lead to ....
January 30, 2018
As Seen In
Long Island Business News reported on the Marcum tax panel the publication's editor is co-moderating with Melville Office Managing Partner Carolyn Mazzenga.
Long Island Business News Editor Joe Dowd and Marcum Melville Office Managing Partner Carolyn Mazzenga are set to moderate a series of panel discussions tonight ....
January 30, 2018
As Seen In
Bloomberg’s Talking Tax podcast invited Tax Principal Michael D’Addio onto the show for a discussion about whether the new tax law will drive pass-through entities to convert to C-Corporation status.
The new tax law lowers the corporate tax rate to 21 percent—a change that some lawmakers have suggested could prompt pass-through entities to convert to ....
January 29, 2018
As Seen In
Long Island Business News quoted State & Local Tax Leader Paul Graney in an article about options New York State is considering to counter the regional tax impact of the federal Tax Cuts & Jobs Act.
Facing new federal rules that limit state and local tax deductions, New York and California are considering options to give their residents a big federal ....
January 29, 2018
As Seen In
CFO.com published an article by Tax Leader Joseph Perry and Tax Principal Michael D'Addio, discussing the pros and cons of C-corporation v. pass-through entity status under the new tax law.
A 21% income tax rate might sound appetizing to some pass-through entities, but C-corporation status doesn't suit every organization.
January 24, 2018
As Seen In
Associated Press quoted Tax Principal Michael D'Addio in an article about how small businesses are capitalizing on the new tax law.
Although there are still many unknowns about the tax law that took effect Jan. 1, some small business owners have already figured out that they ....
January 19, 2018
Tax Flash - State & Local Taxation
U.S. Supreme Court Will Hear South Dakota's Sales Tax Case
On January 12, 2018, the United States Supreme Court decided that it will hear a South Dakota case (State of South Dakota v. Wayfair Inc., ....
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The Marcum Tax Guide is a reference to be used when you need a quick refresher on certain tax aspects.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.
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