alliantgroup State and Local Income Tax RAR services helps you take full advantage of the state and local tax saving opportunities that may result from a federal income tax audit – not just by making sure you are in compliance, but by determining if there are now state and local refunds available to you that you may not have been aware of, and by helping you plan for future years. The RAR filing obligations present an excellent opportunity to incorporate any outstanding allowable state adjustments into the RAR process to reduce your state liabilities or increase your refunds.
Why Use an Outside Service for RAR?
Filing state and local RARs is time consuming and not the highest and best use of tax department’s limited resources. Allowing alliantgroup to do this for you results in overall tax efficiency and compliance, lower effective state tax rate, and improved cash flow.
How alliantgroup Helps You
If you are required to file an amended state or local income tax return to report the changes resulting from a federal income tax audit,
alliantgroup can help you analyze your state and local income tax returns and records for all years included in the federal audit.
This will allow us to:
- Prepare accurate and timely amended state returns
- Identify the taxing jurisdictions where amended returns are required to be filed
- Identify tax savings
- Develop tax savings recommendations that can be incorporated into the amended returns
We will provide you with the amended returns to be filed with the taxing jurisdictions, including all required schedules and documentation. Copies of these documents will also be provided for your records.
Our State RAR Service, coupled with a State Income Tax Refund Review, will focus on identifying and substantiating qualified state income and franchise tax offsetting adjustments.
Related Services
- State Income Tax Review (usually done in conjunction with state RAR)
- Credits and & Incentives Review
- FIN 48
