Income Tax

Income Tax

Dow Lohnes Price Tax Consulting Group, both independently and in conjunction with Dow Lohnes, provides income tax consulting services for corporations, partnerships, limited liability companies and other business entities related to federal, international, state and local tax matters. Dow Lohnes Price focuses on state and local tax matters and Dow Lohnes focuses on federal and international tax matters. The partnership between the firms allows each firm to easily access the tax experience and knowledge of the other in order to provide seamless and comprehensive services for the matters for which they are engaged.

The professionals at Dow Lohnes Price have extensive federal income tax experience which is a pre-requisite for providing high-level state and local tax services. In addition, our professionals have corporate tax management experience in cable operations, radio and television broadcasting, entertainment, manufacturing, retail, insurance, publishing and holding companies and understand the need to add value by the tax services provided.

Income tax services primarily include Tax Planning and Dispute Resolution. Dispute Resolution is the core of our income tax practice and the firm’s success in this area is directly attributable to the resourcefulness, tenacity and creativity of our professionals who enjoy winning tax disputes and rise to the occasion when the case appears unwinnable or difficult. While tax knowledge and experience are attainable through application, the intangibles which allow favorable resolution of difficult issues are personal attributes. Our professionals bring confidence, mental quickness, perception, analytical skills and an understanding of strategy to the informal hearing or negotiation table. These traits are under-girded by extensive preparation, a deep understanding of the client’s goals and industry, and extensive experience at a high level. Such preparation is afforded to companies with significant dollars at stake; the firm represents taxpayers who understand the importance of adding value to the company through proactive management of tax risks and opportunities.

Dispute Resolution is the culmination of a series of events which are described herein as Pre-Audit Tax Planning, Audit Management, and Issue Resolution. Income tax risks and opportunities are identified during Pre-Audit Tax Planning and the firm works with the client to prioritize the issues and establish goals which are achieved through Audit Management and Issue Resolution. More likely than not, the firm wins 100% of the established goals or issues which are entrusted to its care and examples of our success on behalf of clients are summarized on the Client Successes page.

The mission of the Income Tax practice is to absorb factual and operational information from, and establish appropriate Tax Planning goals through, close client relationships so that the desired multistate tax result can be achieved at the lowest possible level of Dispute Resolution. Reduced fees, “private” resolution without public litigation and quicker resolution are the benefits of resolving issues at the lowest possible level. The client increases the chances of achieving these goals by engaging Dow Lohnes Price for Pre-Audit Tax Planning services before the audit commences. Pre-Audit Tax Planning services provide the foundation for resolution of difficult and controversial tax issues at the administrative level.