Conducting a Due Diligence Examination: State and Local Tax Aspects

Peter Faber wrote this bylined article about the role of state and local tax due diligence in business asset purchases and sales. Buyers should “evaluate the significance of these issues in the context of the transaction” to help assess their “willingness to proceed,” Mr. Faber wrote, emphasizing it is important that tax practitioners “submit a detailed and accurate assessment of state and local tax issues so that they can be evaluated by the business people.”