Appeal of Florida Assessment Eliminates Retailer's $1.6 million Tax Assessment

Client Profile

Industry: Retail
Annual Revenue: >$500 million
Entity Structure: Consolidated Group
Geographic Footprint: Southeast
Ownership Structure: Venture Capital Backed

CBIZ helped a retail through a state audit.Issue

A Florida state audit of a department store’s income tax raised concerns related to royalty, interest and administration expenses. The findings resulted in a $1.6 million tax assessment for the retailer.


Our team of state and local tax professionals worked closely with the department store to protest the findings. We evaluated the retailer’s intercompany transactions, analyzed cash flow and debt agreements and researched historical precedents to gather support for the retailer’s original filing position. The discoveries supported the validity of the retailer’s debt and claimed deductions. We drafted a statement of the taxpayer’s position and held an informal hearing that resulted in the complete removal of the assessment.


Our state and local tax controversy experts resolved the $1.6 million tax assessment before formally progressing to the appeals stage, saving the department store from additional time and hassle of professional fees and potential litigation.

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CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

Appeal of Florida Assessment Eliminates Retailer's $1.6 million Tax AssessmentCBIZ helped a department store lower its Florida state audit tax assessment....2016-06-17T16:42:00-05:00

CBIZ helped a department store lower its Florida state audit tax assessment.

Planning & Tax MinimizationState & Local Tax