Tax Services

Specialized tax services powered by industry knowledge + collaboration

Insurance Tax Webinar

December 7, 2022   |   2:00 pm - 3:00 pm ET

What’s Changing in Tax and What You Need to Know for 2023

Brandy Vannoy, CPA

Partner, Johnson Lambert

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What We

Stand For

Tax strategy and planning are essential to business success and evolution.

Johnson Lambert’s specialized tax services designed for each of the three industries we serve — insurance entities, nonprofit organizations, and employee benefit plans — factor in each sector’s unique tax needs, challenges, and opportunities.

With ever-changing tax policy and legislation, our tax team’s deep focus on specific types of organizations enables more timely services, a more customized approach, and dynamic and collaborative conversations with tax professionals who closely monitor the laws and regulations that directly impact your operations and tax strategy.

High quality service and a high quality experience are quintessential to all Johnson Lambert services; this is demonstrated in the tax practice through diligent project management and project planning, ongoing conversations with our clients to maintain an open dialogue around known or potential tax issues, and our firm’s proprietary and easy-to-understand tax workpapers.

The Johnson Lambert tax team spends time learning and understanding your organization today and where you want to be in the future so that we can support your goals, explain and guide on any potential tax ramifications, and together design the optimal tax strategy.

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Engagement

Engagement Collaboration

Whether you engage Johnson Lambert for both audit and tax or work with Johnson Lambert as your distinct tax solutions provider, we have the approach, tools, and technology to deliver an efficient and collaborative tax engagement.

Tax Specialist

The Johnson Lambert tax team serves a significant portfolio of clients who are not also audit and attestation clients. This bifurcation of services serves some organizations well or is required in some instances, but in no way does it limit our ability to provide efficient, timely, and multidimensional tax services.

We proactively communicate with our clients and any of their partners, and we work together for a seamless experience.

One-Stop Shop

Johnson Lambert tax + audit teams work in tandem when we are engaged for comprehensive services and solutions. When working with synergistic tax + audit teams, our clients gain efficiencies in both engagements as the Johnson Lambert teams coordinate to avoid duplicate requests or efforts on our clients’ behalf.

Often the various perspectives and expertise from the combined Johnson Lambert audit + tax teams paired with the knowledge and hard work of our client contacts result in various benefits to our clients.

Industries
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Tax Services by Industry

At Johnson Lambert, we understand that our clients need a trusted business partner who is available to assist with their day-to-day and one-off tax needs. Our tax professionals deliver a high level of technical expertise as well as responsive client service.

Commercial Insurance

  • Federal and State Income Tax Preparation
  • Preparation and Review of Quarterly and Annual Provisions and Related Disclosures
  • FATCA and Foreign Bank Report Filing
  • Foreign Tax Filings
  • Uncertain Tax Position Documentation (ASC 740-10/FIN 48)
  • Taxing Authority Examination Representation
  • IRS Private Letter Ruling Assistance
  • Change of Accounting Method Requests
  • Tax Planning and Consulting
  • State Tax Nexus Analysis
  • Assistance in Evaluating and Entering into Voluntary Compliance Programs
  • Merger and Acquisition Planning

Captive Insurance

  • Federal and State Income Tax Preparation
  • Preparation and Review of Quarterly and Annual Provisions
  • Form 8886 Filings
  • Tax Opinion in regards to Insurance Federal Tax status (Risk Shifting and Distribution)
  • Uncertain Tax Position Documentation
  • Taxing Authority Examination Representation
  • IRS Private Letter Ruling Assistance
  • Tax Planning and Consulting
  • 953(d) Election Applications and Maintenance
  • FATCA and Foreign Bank Report Filing
  • Assistance in Evaluating and Entering into Voluntary Compliance Programs
  • Assistance in Re-domestications 
  • Foreign Tax Filings

Risk Retention Groups

  • Federal and State Income Tax Preparation
  • Preparation and Review of Quarterly and Annual Provisions
  • Uncertain Tax Position Documentation
  • Taxing Authority Examination Representation
  • IRS Private Letter Ruling Assistance
  • Tax Planning and Consulting
  • State Tax Nexus Analysis 
  • Assistance in Evaluating and Entering into Voluntary Compliance Programs

Nonprofit Organizations

  • Tax Return Preparation for Nonprofit Organizations and their Subsidiaries
  • Identifying and Structuring UBIT Exposure Transactions that Often Derive from Program-Related and Investment Revenue Streams
  • Addressing, Assessing, and Restructuring Transactions Jeopardizing Tax-Exempt Status
  • Evaluating Sponsorship Agreements
  • Compensation and Related Reporting Issues
  • Analysis of the Taxability, Reporting, and Disclosure of Alternative Investments
  • Entity Formation and Related Issues
  • Lobbying Analysis
  • Guidance and Filing Assistance with Federal, State, and Local Tax Exemptions
  • Tax Exempt Status Applications and Support
  • Taxing Authority Examination Defense
  • Multi-State Payroll Compliance Support
  • Third Party Tax Return Review Services

Employee Benefit Plans

  • Form 5500 Preparation Services
  • Other Tax Compliance Consulting and Assistance
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Need to Connect with a Tax Specialist?

Whether you have questions about the latest tax regulations or news, or you’re searching for a tax solutions provider, our Tax Team is ready to support your needs. Contact us today to learn more from Johnson Lambert.