Case Study: a client preparing to sell their business reduces tax liability with MGO

a client preparing to sell their business reduces $3M in tax liabilities with MGO

A client preparing to sell their business was advised by a Big Four firm that they faced over $3 million in multi-state tax liabilities, which threatened to complicate the sale. The client engaged MGO’s State and Local Tax (SALT) team for a second review of this due diligence assessment.

MGO conducted a comprehensive review that uncovered inconsistencies in the original assessment. The team found the client did not have the requisite nexus in several states, identified tax exemptions, secured resale certificates, and corrected transactions. MGO provided a detailed workbook tracking tax reductions over a four-year period, resulting in major savings that helped keep the business sale on track.