State & Local Tax

Multi-state taxes can account for more than half of a business' tax liability. At Fuoco Group, we understand the impact of state and local taxes on a business.

With over 80,000 state and local tax jurisdictions nationwide - each with its own set of rules and regulations - state and local laws, statutes, regulations and rules are constantly changing and expanding. Many businesses are unaware of the tax exposure created by their presence in other states, which can lead to additional penalties and interest if not properly handled.

How we can help
In today's business environment, successful organizations are those that manage and plan for every cost. Fuoco Group's multi-state tax professionals can help clients identify, plan, implement and manage innovative programs to help minimize state and local taxes in the following areas:

    •    Income and Franchise Tax
    •    Property Tax
    •    Sales and Use Tax
    •    Abandoned and Unclaimed Property
    •    Tax Incentives - Credits and Abatements

Specific areas where our state and local tax professionals can assist clients include:

    •    Comprehensive reviews of state and local tax liabilities and identification of potential tax minimization and refund opportunities
    •    Review of state tax implications of proposed mergers and acquisitions
    •    Assistance with state and local tax audits
    •    FIN 48 assistance
    •    Preparation of multi-state nexus studies
    •    Reverse sales tax audits
    •    Negotiation of voluntary disclosure agreements
    •    Development of sales and use tax manuals
    •    Assistance with unclaimed property voluntary disclosure agreements
    •    Compliance outsourcing


In The News

The New York Real Estate Journal recently featured a "Ones To Watch" Spotlight, focusing on both up and coming professionals as well as industry veterans across all areas of real estate. Congratulations to Lou Fuoco CPA, CEPA, for being included in this prestigious group of “OTW” for 2019!

Press and Events

Fuoco Group and TFG Related Entities are proud to announce that Fuoco Group’s Hauppauge Office, was voted #2 overall in the category of “Accounting Firm Less Than 100 Employees” in the 2019 Long Island Business News Reader Rankings. The Firm was also honored to be recognized as a “top three” Best Accounting Firm Finalist.
Scott Small, CPA, has  joined the Fuoco Group accounting and business advisory firm as Audit and Accounting Senior Manager in the Hauppauge office. Scott will assist the Directors in New York and Florida with expanding the Firm’s accounting and assurance practice.