Case Studies

State and Local Tax for a Product Manufacturer

A Comprehensive Source Advisors Case Study

Global Consumer Product Manufacturer Recovers Overpaid Tax

The company is one of the world’s largest manufacturers of paper products. With a strong commitment to sustainable production practices, they proactively invest in solutions and technology to drive greater efficiency and quality across their facilities. This case study details how Source Advisors was able to help the company recognize various opportunities for tax recovery due to over paid taxes.

r&d amortization 2022 irs

Key Milestones

The Results

All four claims resulted in a net refund of $275,000. Source Advisors was also able to apply part of the refund against open audit assessments and saved the company an additional $52,000 in interest.

Source Advisors responded sensitively to the client’s desire to correct identified errors, and, with the finance team, established process improvements to:

  •  Identify exempt vendors and issue the appropriate exemption certificates to prevent future sales tax charges.
  • Correct the internal use tax matrix.
  • Work with the construction group to ensure that future projects appropriately identified sales tax exemption opportunities.
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Our industry experience with state and local taxes has helped businesses claim billions of dollars in tax credits and incentives.

Source Advisors has demonstrated success in assisting many growing businesses with complicated tax issues and is able to leverage that experience to avoid common pitfalls

Our 40-year history of achieving substantial tax credit savings for clients across various industries is a testament to our commitment and expertise.

Source Advisors has a network of national accounting and sales & use tax experts. By extension, clients have access to assistance in every region regarding state, county, and local tax issues.

Our dedicated support team is readily available to guide you through every step of the process, ensuring a smooth and stress-free experience.

Our recommendations stand in full compliance with tax legislations, offering clients unmatched peace of mind.

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