Williams Mullen

Tax Due Diligence is recognized as a critical part of any M&A.  But a federal tax review leaves out a huge potential liability – the SALT liability.  State level income, franchise, sales, use, and property and local level taxes can expose a buyer and seller to huge liabilities that will surface after the deal and leave both parties with an unpleasant  surprise.  This presentation by Stephanie Lipisnki Galland and Kyle Wingfield at the Virginia Bar Association's 128th annual meeting will provide a review and checklist of potential SALT issues that are present in every deal.