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Tag Archive for Mergers & Acquisitions

Treasury Inspector General States A Strategy Is Needed To Assess The Compliance Of Corporate Mergers And Acquisitions

Treasury Inspector General Report

IMPACT ON TAXPAYERS

Corporate mergers and acquisitions can be large dollar, complex transactions that potentially have large tax implications. Some of those transactions can be tax-free depending on the structure. It is important that the IRS ensure that these complex transactions are in compliance with the tax law and that the appropriate amount of tax is paid.

WHY TIGTA DID THE AUDIT

The Institute for Mergers, Acquisitions, and Alliances reports that there were 14,540 mergers and acquisitions in the United States in Calendar Year 2018, with a value of almost $1.9 trillion. There have been approximately 120,000 domestic corporate mergers and acquisitions in the last 10 calendar years, totaling $15.3 trillion. The Internal Revenue Code permits tax-free treatment for transactions that meet certain technical requirements, and taxpayers sometimes make the form of the transaction appear to satisfy those requirements while the substance does not. The Large Business and International Division (LB&I) has been transitioning to issue-based audits and has adopted a “campaign” approach to auditing specific issues. TIGTA performed this review to determine whether the IRS had an effective strategy with respect to the compliance risks presented by mergers and acquisitions.

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Tax Manager – Mergers & Acquisitions (San Francisco, CA)

As a member of our team, you’ll be involved with working closely with private equity firms, public and privately held companies, advising them on tax structuring matters, financial and tax due diligence, and assistance with closing M&A transactions.

Responsibilities:

  • Develops, grows and serves as a firm technical resource for the U.S. income tax aspects of financial due diligence and mergers and acquisitions (M&A)
  • Leverages technical knowledge and experience to provide effective project management and practice development; delivering timely and responsive services and products that meet and/or exceed client expectations

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Tax Senior/ Manager- Mergers & Acquisitions (Silicon Valley, CA)

As a member of our team, you’ll be involved with working closely with private equity firms, public and privately held companies, advising them on tax structuring matters, financial and tax due diligence, and assistance with closing M&A transactions.

Responsibilities:

  • Develops, grows and serves as a firm technical resource for the U.S. income tax aspects of financial due diligence and mergers and acquisitions (M&A)
  • Leverages technical knowledge and experience to provide effective project management and practice development; delivering timely and responsive services and products that meet and/or exceed client expectations

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Mergers & Acquisitions Team Needs Sr. Tax Manager

TaxConnections retained search division kindly asks you to refer this opportunity to anyone you know who may be interested. If you have any questions about TaxConnections retained search services please contact search@taxconnections.com.

Title:  Senior Tax Manager/Experienced Tax Manager/Transactions

Location: San Francisco/San Jose Bay Area/Los Angeles

Company: Our internationally recognized client is located in the San Francisco/San Jose, California area and offers an extraordinary opportunity to work on mergers and acquisitions transactions. The overall organization and transactions teams  has one of the best reputations in the business for upward mobility and upside career potential for Read more