Snapshot and Years of Experience

Sherry Wallace has over 35 years of Federal and state tax accounting, tax compliance, audit defense, mergers & acquisitions, and project management experience.

Tax Compliance and Leadership

• Established an income tax compliance division for a $21 billion company
• Preparation and review of Federal and state tax returns for corporations and partnerships
• Preparation and review of Federal and state quarterly estimate and extension calculations

Tax Accounting

• Preparation of quarterly tax accounting entries and tax account reconciliations
• Determination of tax treatment of new items and non-routine transactions
• Deferred proof analysis
• Provision to return true-up analysis
• Payable proof analysis

Partnership Tax Accounting and Compliance

• All aspects of tax accounting and compliance for partnerships from formation to dissolution
• Partnership tax basis calculations

Mergers, Acquisitions and Dispositions

• Due diligence
• Acquisition integration, including reorganizations and tax assimilation of new subsidiaries

Federal and State Tax Audits

• Coordination of all aspects of Federal audits, including development of the audit plan, responses to IDRs, and preparation of rebuttals to notices of proposed adjustments.
• Preparation of responses to state audit requests

Tax Planning and Project Management

• Management of multi-step corporate reorganization, including coordination with accounting, legal and other stakeholders

Tax Technology Experience

• Excel