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Multistate Tax

MSP State & Local Tax Specialty, a subsidiary of M.S. Phelps, CPA, PLLC, provides a wide range of specialized state and local tax services to individuals and businesses in a variety of industries. We strive to meet each client's specific needs in planning for the future and achieving their goals in an ever-changing financial and regulatory environment.

Our professional services include:

Corporate Income/Franchise Tax

Our state tax experts can help alleviate the difficulty a multi-national company may have in effectively managing their state and local tax compliance. Our experienced professionals are available to assist with the planning and preparation of state and local tax filing and reporting requirements.

Multi-State Individual Services

Our firm offers tax planning and preparation services to transit individual taxpayers. Our specialization in state and local tax allows us to provide expertise specifically to individual taxpayers who may have filing requirements in multiple states due to high travel demands in their career, such as athletes, entertainers, and corporate professionals.

Sales & Use Tax Reporting

Companies who sell products and certain services in multiple states may be required to collect and file sales and use taxes to those states. We can ease this administrative burden by handling all your reporting requirements.

Co-sourcing State Compliance

For companies with no internal tax resources for multi-state tax return preparation, we have professionals available for outsourcing to help address a company’s tax compliance needs.

Income/Sales & Use Tax Strategies

We have the expertise and the tools to help companies (foreign and domestic) determine what their state tax responsibilities are, and how they are impacted by business activities performed in different states.

Technical Analysis & Memorandum

Every state has its own set of state and local tax laws, which most of the time don’t conform to the federal internal revenue code. Our firm has the expertise to research and determine the proper tax treatment of any state income/franchise, sales and use tax issue your business may be subjected to.

Transaction Tax Services

Experts at M.S. Phelps, CPA, PLLC add value to multi-national clients by discovering transaction tax saving opportunities and staying diligent in discovering refunds for taxes you shouldnt have to pay, while keeping you in compliance with those you are responsible for. We have expertise in the following transaction taxes, which include:

  • Sales and Use Tax
  • Motor Vehicle Tax
  • Gross Receipts Tax
  • Excise Tax
  • Business Occupation Tax
  • Business License Tax

Interim State Tax Manager

State tax experts can also be hired to manage state and local tax compliance and reporting requirements for companies in transition to help prevent any discourse in their multi-state tax responsibilities.

Voluntary Disclosure Agreements

Companies that have tax filing requirements in a state they’ve been doing business, and haven’t filed, may run the risk of being discovered by state agencies which may result in hefty penalties and interests for failure to file state taxes. We provide representation for our clients on a “no name” basis and negotiate with state agencies to voluntarily file prior year filings, in exchange for voluntary registration and future compliance. The benefit may include a limited “look-back” period and forgiveness of penalties.

Nexus Studies

A nexus analysis is essential to a company’s understanding of their state and local tax exposure. A nexus analysis identifies the amount and degree of business activities a company does in a state, then determine whether such activities would connect business income to the state resulting in income or franchise, sales and use tax liabilities and reporting requirements.

Credits & Incentives

If you're looking to start or expand your business in a particular state or city, we can help you determine what incentives or credits the state and local tax authorities are offering for your business.

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