Income Tax Accounting and Advisory Services

Focused on Delivering Timely, Accurate Services

Citrin Cooperman’s Income Tax Accounting and Advisory Services (ITAAS) Practice offers a combination of process and income tax accounting technical services. In an environment of accelerated reporting timelines and increased oversight, managing your company’s income tax accounting for financial statement reporting (ASC 740) is crucial. Citrin Cooperman addresses these challenges head on, providing timely and accurate income tax accounting services to both private and publicly held companies using Bloomberg Tax Provision software.

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Services Included

Annual and quarterly tax provisions

Uncertain tax benefit (FIN 48)

Valuation allowance analysis

Tax accounting for business combinations

Documentation of key tax accounting controls and processes

Section 382 study assistance

Section 280G study assistance

How Citrin Cooperman Can Help

Our team of professionals work diligently with our clients and their auditors to streamline income tax accounting and advisory services while identifying potential weaknesses in internal controls prior to the audit process. We act as an advocate on behalf of the reporting company in regard to supporting the tax provision, explaining tax positions to the auditors, and assisting with supporting documentation. Additionally, by leveraging from the tax provision workpapers, our team is able to offer competitive tax preparation services, providing for a cost-effective, seamless reporting process.

The Income Tax Accounting and Advisory Services Practice team can also assist with IRC Section 382 studies (net operating loss limitations) and IRC Section 280G studies (golden parachute payments). We take the guess work out of it, giving your team the freedom to focus on what counts – your business.