Leading the Way.
For two decades, we have been the leader in a confidential, specialized service for large US corporations in which we determine whether the corporation is entitled to any refunds of interest or penalties in connection with its federal and state taxes.
Clients are particularly attracted to our Tax Account Analysis and Recovery Services, Milbank TAARS®, because it has no downside – if we do not obtain a recovery for the client, we do not charge any fee.
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More Articles about Milbank TAARS® Interest and Penalty Recoveries
More News about Milbank TAARS® Interest and Penalty Recoveries
sophisticated analysis
We have a unique team of attorneys, CPA’s and former staff of the Internal Revenue Service that, with the assistance of proprietary software, analyze a corporate taxpayer’s account records maintained by the IRS and by state taxing authorities. Because interest is charged at different rates on a taxpayer’s underpayments and overpayments, and the statutes of limitations for the accrual of interest are so complex, taxing authorities frequently make errors in the computation of interest. Similar complexities arise with penalties imposed for payroll taxes. Our sophisticated analysis uncovers these and other account errors, and with a client’s approval, we file and pursue claims to obtain appropriate refunds or credits.
We have done this work for almost half of the Fortune 100 and numerous smaller corporations as well, including US subsidiaries of companies headquartered outside the US.
unique fee arrangement
Milbank TAARS® is offered solely on a contingent fee basis, with all expenses absorbed by us, regardless of the time involved in preparing or pursuing a claim, including appeals (and in some cases, litigation) as approved by the client. The fee is payable only when the Milbank TAARS®-generated refunds or payments are received or credited. Because of our approach, we are routinely asked to review a client’s tax transcripts as a follow-up to a review done by an accounting firm. As a law firm, we are especially focused on the precise application of statutes of limitation, and we are often able to identify additional recoveries in such follow-up assignments. Clients also appreciate the fact that when our analysis yields no recoveries, they have the comfort of knowing that their tax records have been carefully reviewed, again without any fee.
We are pleased to furnish references from tax executives at corporations that have benefited from Milbank TAARS®. For more information about how our Milbank TAARS® program works and whether your company might be able to benefit from our service, please read our FAQs brochure.