Our firm offers a wide range of state and local tax services to our clients. Downey, Smith & Fier prides itself on our personalized quality service that is unmatched. Here is an overview of what we provide:

Recovery Services Tax Compliance and Documentation

Audit Representation Tax Planning

A variety of factors can cause your company to pay more than its fair share of state and local taxes. We analyze these payments to identify recoveries, validate all exemptions or credits that have been claimed, and obtain cash refunds. In many situations, our services provide prospective savings and cost reductions. Ask us about our contingent basis review. You pay no fee unless we add value.

DSF relies on a proven Two-step Process that utilizes a database of letter rulings and tax-saving ideas. Today, more than ever, companies are seeking ways to manage costs and increase overall business profitability. DSF's services achieve these objectives through cash recoveries and cost savings.

Our recovery services include reviewing the following taxes:

• Sales and Use
• Gross Receipts
• Income/Franchise
• Federal Excise
• State Excise
• Local and District

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During our years of experience dealing with, and working for, state tax authorities, we have achieved a level of competence that provides you with a strategic advantage. Based on your company's needs, these services include pre-audit reviews, audit management and post-audit reviews.

Our services cover the following:

• Audit Management
• Strategic Planning
• Field Audit Negotiations
• Appeals/Protests
• Settlement Negotiations
• Board Representation

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Audit assessments are sometimes the result of poorly-documented credits, exemptions and deductions. Our co-sourcing services assist clients with preparing supporting schedules and documentation for credits, exemptions and deductions claimed on tax returns. These proactive services are designed to use our audit experience to complement our clients' procedures and maximize or maintain originally-claimed amounts.

Services Overview:

• Transactional Consulting
• Compliance Process Evaluation
• Self-Assessed Use Tax Compliance
• Voluntary Disclosure
• E-Commerce
• Taxability Decision Tables
• Educational Services

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Our strategic tax-planning services provide an analysis of pending or future business transactions (i.e. sales of assets or business, purchases of software and maintenance, aircraft and vessel transactions, etc.) to legally minimize or eliminate transaction-based taxes.

Tax planning may achieve savings related to the following transactions:

• Acquisition of Aircraft or Vessels
• Insurance In-Lieu Exemption
• Business Reorganizations
• Sale/Acquisition of Business Assets
• Purchase of Software and Related Maintenance
• Transportation
• Facility Site Selection

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