We assists companies in facilitating the sale and purchase of tax credits. While the concept of transferring tax credits is straightforward, the process of purchasing tax credits is intricate, time consuming and potentially risky. Failure to comply with applicable statutes and regulations or inaccurately reporting the credit on the taxpayer’s tax return could result in the failure to achieve the planned benefits or may lead to significant tax burdens and penalties. Clients can rely on our team to avoid these and other pitfalls in order to realize the full value of this powerful tool. Our services include:
- Confirming the taxpayer’s eligibility to qualify for and purchase credits;
- Calculating the potential value of tax benefits and return on investment;
- Performing due diligence on the project (film, construction project, etc.) generating the tax credit;
- Assisting with the certification process to ensure that the tax credit qualification criteria is met;
- Assisting in the accounting process for qualified spend and assisting in final application submission upon completion of expenditures;
- Structuring the transaction and coordinating the closing;
- Obtaining required certifications and approvals from relevant government agencies; and,
- Ensuring the taxpayer is in full compliance with statutory and regulatory requirements.
Our Expertise
We are uniquely positioned to assist sellers and purchasers of tax credits. We have relationships with program administrators from the various state agencies that can assist with performing the due diligence required before purchasing a credit as well as facilitate a smooth and rapid transfer process. We have an extensive list of companies and individuals with whom we regularly work to facilitate the purchase of credits, and with whom we have regular contact regarding their credit needs.
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