Tax Services
Insight, Strategy, and Support for Every Tax Need
Taxes touch every part of your financial picture. LBMC’s experienced tax professionals help businesses and individuals plan strategically, stay compliant, and make confident financial decisions. From complex business structures to personal returns, our team provides clarity in an ever-changing tax environment.
From federal and state tax planning to international, private client, and specialty tax services, we deliver practical solutions tailored to your organization, your industry, and your long-term goals.
How We Help
LBMC’s tax professionals work closely with clients to simplify complexity and uncover opportunities for savings and compliance. We help you:
- Navigate federal, state, and international tax requirements with confidence.
- Develop proactive tax strategies that reduce risk and improve outcomes.
- Manage compliance efficiently with technology-driven preparation and filing.
- Identify credits and incentives that benefit your business and operations.
- Plan for the future through integrated business and personal tax strategies.
Questions About Tax Services?
Whether you’re planning for growth, preparing for tax season, or navigating complex regulations, our team helps you find the right tax strategy for your situation.
Find the Right Tax Solution
Federal Business Tax
Strategic tax planning and compliance for businesses navigating growth, transactions, and evolving federal tax requirements.
State and Local Tax
Helping organizations manage multi-state tax obligations, reduce risk, and identify planning opportunities.
Credits & Incentives
Helping businesses identify tax credits, grants, and economic incentives tied to growth and investment.
Research and Development Credits
Helping innovative businesses identify and maximize available R&D Tax Credits.
International Tax
Cross-border tax planning and compliance for organizations operating globally.
Individual & Private Client Tax
Personalized tax planning for business owners, executives, high-net-worth individuals, families, trusts, and estates.
Tax Solutions Built Around Your Goals
Whether you’re managing complex regulations, planning for growth, or exploring new opportunities, LBMC delivers practical tax strategies that move you forward with confidence.
Industries We Serve
Our Tax Services team works with businesses and individuals across a wide range of industries, delivering customized strategies to meet unique tax and compliance needs. Whether you’re managing multi-state operations, planning for growth, or navigating complex regulations, we provide the insight and flexibility to support your goals — with industry-specific experience and a practical, results-driven approach.
All Industries We Serve
Local Expertise, Wherever You Are
With offices in Chattanooga, Memphis, Louisville, Nashville, Knoxville, Philadelphia, and Charlotte, plus remote offices, LBMC partners with businesses across the region and beyond.
Why Choose LBMC
LBMC is one of the Southeast’s leading tax firms, combining decades of experience with personalized service and innovative technology. Our team provides integrated tax solutions for public and private businesses, as well as high-net-worth individuals across Tennessee and beyond. Every engagement is led by professionals who understand your industry and your unique tax needs.
Our clients value us for the way we work — bringing together expertise, accessibility, and a genuine commitment to long-term partnership.
What Sets Us Apart
- Deep industry knowledge across business and individual tax areas.
- Proven expertise in multi-state and complex tax planning.
- Integrated services that connect tax with accounting, audit, and related specialties.
- Regional presence with national reach.
- A consistent focus on responsiveness, collaboration, and integrity.
Our Three Pillars of Service
- Preparation & Planning: We start with clear timelines and thoughtful preparation to ensure expectations are met and deadlines stay on track. Regular check-ins — monthly or quarterly — keep communication proactive and transparent.
- Collaboration: We act as an extension of your internal team, offering strategic insight that goes beyond compliance.
- Responsiveness: We deliver timely, accurate solutions and adapt quickly to meet your changing needs, whether for your business or family.
Client Resources
Upload Documents to Sharefile
Download K-1 Instructions
- 1120S K-1 Instructions (PDF)
- 1065 K-1 Instructions (PDF)
- 1041 K-1 Instructions (PDF)
Questions About Our Services?
Whether you’re navigating change, planning for growth, or addressing operational challenges, our team helps you determine the right strategy for your business.
Tax Law Change Center
Tax laws change frequently, affecting businesses, individuals, and investors alike. Explore LBMC’s collection of tax law updates covering major federal and state legislation, IRS guidance, and regulatory developments to better understand how changing tax rules may impact your planning decisions.
- One Big Beautiful Bill Act: Key Tax Changes in 2025
Trump’s 2025 One Big Beautiful Bill overhauls tax laws for individuals, businesses, and international transactions. Review the key provisions and planning considerations. - Comparing Key Proposed Tax Changes in the OBBB
Review the similarities and differences between House and Senate tax proposals affecting business taxation, bonus depreciation, research expenditures, and international tax. - One Big, Beautiful Bill (OBBB) for the Manufacturing Sector
Explore how the One Big, Beautiful Bill could reshape tax policy affecting manufacturers, including R&D, depreciation, interest expense, and the Qualified Business Income deduction. - How Trump’s Return Could Impact Federal Taxes
Explore proposed federal tax policy changes affecting individuals, businesses, and international taxation. - Tennessee Works Tax Act of 2023 Enacts Changes
Review Tennessee tax law changes affecting sales and use tax, franchise and excise taxes, and business tax. - Tennessee Enacts Major Franchise Tax Changes
Learn about significant revisions to Tennessee’s franchise tax and the refund opportunities available to eligible taxpayers. - Tennessee Reduces Sales Tax Nexus
Review legislation reducing Tennessee’s economic nexus threshold for remote sellers and marketplace facilitators. - Tennessee Department of Revenue Explains New Sales Tax Refund Law
Understand Tennessee’s sales and use tax refund procedures and what they mean for taxpayers.
Need help understanding how recent tax law changes affect your business or personal tax strategy?
Contact LBMC’s tax professionals to discuss your specific situation.
FAQs About Tax Services
When should a business evaluate an 83(b) election?
An 83(b) election may be relevant when a founder, executive, or other individual receives restricted equity that is subject to vesting. The election generally allows the recipient to choose to recognize taxable income based on the value of the property at the time of transfer rather than when it later vests, which can have significant tax implications if the value increases. Because strict filing deadlines apply, individuals receiving restricted equity should evaluate the potential tax consequences promptly. Recent IRS changes also allow taxpayers to electronically file certain 83(b) elections, providing another option for completing the filing process.
What business meals and entertainment expenses are tax deductible?
The tax treatment of business meals and entertainment depends on the nature of the expense, its business purpose, and who is involved. Some qualifying business meals may be partially or fully deductible, while entertainment expenses are generally subject to different limitations. Because the rules and exceptions can be easy to misapply, businesses should maintain appropriate documentation and understand the current requirements for meals and entertainment deductions when developing expense and tax policies.
When should a business consider a captive insurance company?
A captive insurance company may be considered when a business wants greater control over certain risks, insurance costs, or coverage that may be difficult or expensive to obtain through traditional markets. Captive structures involve significant tax, regulatory, financial, and operational considerations and are not appropriate for every organization. Businesses evaluating this strategy should consider the economics and risk-management objectives alongside applicable regulatory requirements. Organizations considering a Tennessee-based structure can explore LBMC’s guidance on Tennessee captive insurance companies and the considerations involved.
How do multi-state operations affect a company's tax obligations?
Operating, hiring employees, selling products or services, or owning property across multiple states can create new income, franchise, sales and use, payroll, and other tax obligations. Businesses should evaluate where their activities may establish nexus and determine the registration, filing, and compliance requirements that apply in each jurisdiction. LBMC’s State and Local Tax Services help organizations understand multi-state exposure, manage compliance, and identify planning opportunities as their geographic footprint grows.
What types of activities may qualify for the R&D tax credit?
Businesses may qualify for federal and state R&D tax credits when they invest in developing or improving products, software, manufacturing processes, formulas, techniques, or other technical capabilities. Qualifying activities can extend beyond traditional laboratory research and may include engineering, software development, prototyping, testing, and efforts to resolve technical uncertainty. LBMC’s Research and Development Tax Credit Services help businesses evaluate potentially qualifying activities, identify eligible expenses, and develop the documentation needed to support a credit claim.
LBMC's Team of Tax CPAs and Advisors
Partner, LBMC India Professional Services, LLP, Leader in Chennai, India office and Shareholder, Tax Services, LBMC PC
Contact Us
Headquarters (Nashville, TN):
201 Franklin Road
Brentwood, TN 37027
615-377-4600
Office Hours: 8am-5pm, Monday-Friday
Mailing Address:
P.O. Box 1869
Brentwood, TN 37024-1869
Chattanooga, TN:
605 Chestnut Street, Suite 1100
Chattanooga, TN 37450
423-468-5042
Knoxville, TN:
2095 Lakeside Centre Way
Knoxville, TN 37922
865-691-9000
Memphis, TN:
5100 Poplar Avenue, Suite 1400
Memphis, TN 38137-1499
901-685-1040
Louisville, KY:
325 West Main Street, Suite 1600
Louisville, KY 40202
502-585-1600
Charlotte, NC:
3700 Arco Corporate Drive, Suite 175
Charlotte, NC 28273
704-846-6750
We’re happy to answer any questions you may have on what our team can do for you. Please send us a note using the form and one of our professionals will get back to you promptly.