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Andy Powers-

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Andrew J. Powers, Jr.

  • Successfully disputed proposed IRS adjustments in excess of $60 million.

  • Planned corporate restructuring involving a $140 million business division  sale, resulting in a $10 million federal income tax savings.

  • Managed tax due diligence efforts for several business acquisitions identifying both potential exposure to tax liabilities as well as achieving tax savings through planning and negotiation of tax concessions with local authorities.

  • Managed several business unit valuation studies in connection with acquired properties to achieve maximum tax benefits from the allocation of the purchase price.

  • Implemented foreign business restructuring to minimize global tax liabilities.

  • Secured special tax incentive financing in connection with acquisition of manufacturing facility in a rural economic development zone.

  • Fostered and maintained amicable relations with local government and tax authorities at business  locations throughout the U.S.

  • Annual tax savings in excess of $4 million achieved through intercompany pricing agreements of sales of mineral products yielding statutory depletion deductions.

  • Reduced income taxes relating to sale of subsidiary stock  by $4 million using a Delaware holding company.

  • Negotiated settlement of personal property tax audit assessment achieving reduction in excess of $1.7 million accompanied by tax relief for subsequent years' property tax liabilities.

  • Negotiated $500,000 reduction of use tax audit assessment.

  • Formed and implemented Foreign Sales Corporations  (FSCs) to achieve substantial reductions to annual federal income tax liabilities. 

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Copyright © 1999-2008Powers & Company. IRS CIRCULAR 230 NOTICE:  To ensure compliance with recently enacted U.S. Treasury Department regulations, we hereby advise you that any and all tax information contained in this website should not be considered as tax advice nor intended for the use of any taxpayer for the purpose of evading or avoiding tax penalties that may be imposed pursuant to U.S. law. Furthermore, the use of any tax information contained in this communication has neither been written nor intended for the purpose of promoting, marketing, or recommending a partnership or other entity, investment plan or arrangement to any taxpayer, and such taxpayer should seek advice on the taxpayer’s particular circumstances from an independent tax advisor. The information contained throughout this web site is provided without charge, and although all efforts have been made to ensure the reliability of the information contained in this internet web site, the information contained herein should be used for general understanding only and should not be relied upon exclusively as the basis of any tax or financial decisions or for any positions taken on any tax return. Advice should only be obtained directly through the retention of a competent tax advisor. Last modified: November 18, 2008 

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