Federal Tax Services

At Weaver, we think tax compliance and planning should do more than just meet filing deadlines and help eliminate unpleasant tax surprises. We’ll untangle the intricacies of federal tax laws to uncover and plan for tax opportunities your organization can use to achieve its financial goals. With expertise in dozens of industries, we have the depth of knowledge and experience to create a tax plan tailored to your organization. We’ll study your business, consider your issues and opportunities, and develop the right tax strategies to meet your short- and long-term needs. Here are just a few specialized tax services Weaver offers to help your business:

Compensation planning
Stockholder (buy/sell) reviews
Federal and state tax credit reviews
Inventory and LIFO studies
Choice of entity
1031 tax-free exchanges
ASC 740: Tax Provision Compliance (formerly FAS 109) and FIN 48 Analysis
Net operating loss utilization
Represent before the IRS and other taxing authorities

We offer to individuals many of the tax planning and compliance services we provide to businesses. We’ll create a customized plan to limit your tax exposure and help you achieve your personal financial goals. Our services include limiting individual or fiduciary income tax; estate planning, gift and trust tax advice; and generation-skipping transfer tax strategies.

Our Federal Tax Services include:

Tax Preparation

Tax requirements from the IRS and multiple states can keep you running in circles. From initial planning through the final filing, Weaver can assist you with your federal and state returns, as well as quarterly payments and ongoing fixed asset changes. We provide technical information and tax return preparation services at every stage in the process.

Our industry-focused professionals understand your risks and can customize a tax plan to your company’s size and structure. They also work with you throughout the year to provide valuable technical guidance and interpretations so you can make informed decisions and make the most of changes in tax regulations. Making thoughtful decisions leads to long-term efficiencies, and we can help you recognize them.

Our services include:

Full outsourcing of the tax compliance process
Review of internally prepared returns
Preparation of state and local returns
Staff level assistance in return preparation
Performance of any discreet steps in the preparation and filing of the tax returns where the company needs technical expertise or staffing assistance

Tax Accounting Methods

Your company may qualify for multiple breaks on federal and state taxes— credits and exemptions that can lead to significant savings on your overall tax expenditures. You may not be aware that your company qualifies for certain tax savings opportunities.

There are two primary areas of analysis performed for our clients:

Tax Accounting Methods
R&D tax credits

Tax Provision

Public companies that file under the ASC 740 income tax provision face complex financial reporting requirements that can challenge even the best tax departments. Given that the income tax provision directly impacts financial reporting both quantitatively and qualitatively, it is imperative that it be prepared and reviewed with the appropriate level of knowledge. You need a team you can trust to work professionally and efficiently with the external audit firm for timely completion and reporting of the income tax provision.

That’s why you need Weaver. Weaver is the tax provision resource for numerous publicly filing and private equity portfolio companies with assets of up to $5 billion. Our team has experience working with all of the Big Four and many national firms in their independent auditor role, and our process and documentation have been developed to align with the audit procedures employed by these firms. We have a group of experienced professionals dedicated solely to assisting public companies with ASC 740 provision services.

Our services include: