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LBMC is a Tennessee-based CPA firm with a dedicated state and local tax practice.  Our experienced team of professionals understands the Tennessee audit process, including the informal taxpayer conference; have assisted clients with audit issues for all types of taxes, and have a strong working relationship with the Department of Revenue’s management staff.

We help minimize state and local taxes and provide crucial information on an ongoing basis to assist in day-to-day operations. Whether the needs are simple or complex, we can assist in ensuring that the state and local tax burden is minimized.

To help companies deal with the various state and local tax issues, we provide assistance in the areas of:

Sales and Use Tax Outsourcing

Sales and use tax is ever-changing and many taxing jurisdictions have new requirements. Failure to comply can result in costly penalties for your business. LBMC provides clients with well-designed options to manage sales and use tax costs and minimize exposure. Learn more.

Tennessee Tax Audit Defense and Representation Services

  • Have you received a notice of intent to audit from the Tennessee Department of Revenue and are overwhelmed by the amount of information requested?
  • Are you being to ask sign forms, such as the statute of limitations waiver, which only seems to benefit the State?
  • Have you been selected to use statistical sampling for the sales tax portion of the audit and have questions and/or concerns?
  • Has the auditor identified issues in the audit and proposed adjustments where you disagree with the auditor’s position and related support?
  • Are you comfortable that the auditor has looked for potential overpayments as well as deficiencies?
  • If the audit has concluded and you still disagree with some of the auditor’s proposed adjustments, what are your options?
  • Do you understand the Department’s informal taxpayer conference process?

LBMC can be your advocate in the Tennessee audit process.  We can manage the entire process; intervene, on your behalf, and consult with you from any point in the audit; and/or represent you at the informal conference.  Let our experience benefit you.

Corporate Franchise & Excise Tax

  • Assistance with state questionnaires
  • Analysis to ensure that tax filings are only made in the required states, including new state registrations
  • Preparation and filing of returns
  • Representation and assistance in state income tax audits
  • Franchise tax job credits
  • Excise employment tax credits

Property Tax

  • Strategies to help reduce tax liability
  • Representation with property tax audits
  • Property tax abatements

Unclaimed Property (Escheat) Reporting

  • Exposure and compliance analysis for Uniform Unclaimed Property Act
  • Representation and coordination of unclaimed property audits

Other Services Offered

  • Product or Purchases Taxability Studies
  • Front End Review and Process studies
  • Audit Management & Support
  • Voluntary Disclosure Agreements
  • Protest and Appeal work
  • General State and Local Tax Consulting (all tax types)

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Streamline your tax compliance and reduce your tax liability starting today.

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