Yes. We can prepare either a delinquent Transition Tax calculation for the 2018 tax year or a current Transition Tax calculation for the 2018 fiscal year. We can also review a Transition Tax calculation made by a previous CPA or tax firm.
Note that the Treasury Department has estimated that many taxpayers may have overpaid their Transition Tax on the 2017 tax return. We regularly get inquiries to review the calculations, conduct earnings and profits studies, and/or foreign tax credit pool reviews in association with the Transition Tax’s final regulations.