"Ashland was the best of all the companies I’ve ever worked with at delivering discrete tax benefits when I needed them over time and repetitively, and they did it in a way that was noninvasive to my people and their time."
John Kinney former Vice President State & Local Tax, Time Warner
"Most tax departments think they have it right, but I can tell you they don't. If you look at their record, they have about 90% of it right but that 10% is huge. Ashland can make sure they close the gap and pay no more tax than they should."
Tom Locke former Tax Director, Humana Inc.
Federal Case Study
This healthcare provider is one of the nation’s largest providers of post-acute healthcare services. It provides both facility-based services and home-based services to patients in 36 states. It employs over 38,000 people and is in the S&P 400 group of companies.
The company has a long history of IRS audits. In 2013, the company signed a final closing agreement with the IRS that included the years from 1994 to 2008. It had reported substantial income for the years 1994 – 2001 and substantial losses from 2002 – 2008 which resulted in loss carry backs to years 1994 – 2001. The carryback of the losses resulted in refunds of all previously paid tax for the earlier years. The last refunds were received in 2009. The company felt that the overpayment interest that was calculated by the IRS was incorrect and requested the IRS calculate the interest properly prior to the 2009 refund being issued. The IRS refused to do so.
The company retained Ashland to review its transcripts to perform a Complex Interest Study for the periods involved and file claims for any overpayments using the self-identified issue. Claims were prepared and filed within 30 days and when it appeared the IRS was not going to be able to process the claims before the expiration of the statute, upon the advice of Ashland, the company filed a protective claim in the US Court of Claims. Ashland worked with the client’s outside counsel to achieve a favorable settlement of the overpaid amount.