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Verify Method of Accounting, Tax Code Section 48 Credits.

Stuck in a seemingly never-ending audit, a large solar energy project developer enlisted the services of alliantNational to help resolve its examination. Although equipped with its own team of outside counsel, the company realized that it needed attorneys experience in tax controversy and the connections to match in order to have the audit resolved in a favorable manner. The main issues at dispute were the company’s permissible method of accounting and the proper basis for its U.S. Tax Code Section 48 credits.

Solution:

With so many entities on different methods of accounting, alliantNational’s team had to guide the IRS through its argument as to why it had an acceptable change in accounting method.

AlliantNational Result

Equipped with favorable case law, alliantNational was able to successfully prevail on the Section 48 basis issue. Overall, alliantNational was able to secure a highly favorable outcome for the company. alliantNational secured this victory within only a few months after stepping in. the company was so pleased with the outcome, it has since hired alliantNational for help with its Section 1603 grant litigation.

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