Support you Deserve

We are a leading independent tax and business advisory services firm specializing in international tax consulting, transfer pricing, valuation and tax process innovation.

We operate throughout North America and cover over fifty countries through strategic alliances with firms across the globe.

Accomplished Professionals

Our team of highly-experienced professionals consists of former Big 4 tax specialists, economists, attorneys, CPAs and MBAs, each with decades of experience delivering tax, transfer pricing, valuation and tax innovation services.

Our senior professionals are directly engaged in the work we deliver to our clients - unlike many large firms that employ a “leverage model” relying on less experienced personnel to do most of the work.

Delivering Value to Our Clients

Our clients include private and public companies ranging from emerging businesses to Fortune 50 companies. They include U.S. and non-U.S. based multinationals operating in a wide array of industries, including industrial manufacturing and distribution, aerospace, food processing and distribution, agriculture, medical products manufacturing and distribution and financial services.

Our clients seek responsive, collaborative professionals who deliver services efficiently and cost effectively. We willingly share our knowledge and insights to help our clients understand the technical issues and enhance their ability to make informed, strategic decisions with confidence.

The CARES Act and the IC-DISC

Congress sent the Coronavirus Aid, Relief, and Economic Security Act’’ or the ‘‘CARES Act’’ to the President, who signed it into law.

There are three significant provisions that impact 2018, 2019, and 2020 income taxes and your use of the IC-DISC.

Net operating loss carrybacks.  The provisions enacted as part of the Tax Cuts and Jobs Act at the end of 2017 eliminated the ability to carry back net operating losses to obtain tax refunds.  The CARES Act provides for a five-year net operating loss carryback for losses generated in years beginning after December 31, 2017 and before January 1, 2021.

Section 461(l) delayed effective date.  Section 461(l) limits the deductibility of losses for taxpayers other than corporations.  The provisions, enacted as part of the Tax Cuts and Jobs Act at the end of 2017 limited the current deductibility of these losses to $500,000 for married filing jointly taxpayers ($250,000 for all others).  The CARES Act delays the impact of this provision until taxable years beginning after 2020 for most taxpayers, however the provision was completely eliminated for excess farm losses.

Section 163(j) interest limitation.  The provisions, enacted as part of the Tax Cuts and Jobs Act at the end of 2017, limited the deductibility of interest to 30 percent of modified taxable income.  The CARES Act modifies this provision for tax years beginning in 2019 and 2020 and allows for the deductibility of interest to 50 percent of modified taxable income.

IC-DISC opportunity.  Some taxpayers limited their IC-DISC commission expense in 2018 and 2019 due to this loss limitation rule and or interest expense limitation rules.  Redetermining the IC-DISC commission to increase it can (1) reduce your tax liability and result in cash tax refunds; (2) create larger losses that can be deducted immediately; and (3) result in net operating losses in 2018, 2019 and / or 2020 that can be carried back for five tax years.  .

WTP Advisors.  WTP Advisors is the premier IC-DISC service provider in the market.  Our combination of experience, top technology and focus on process ensure top tier service and the best results.  Our leadership team has over 150 years of combined IC-DISC tax experience performing in excess of 10,000 IC-DISC calculations. We look forward to discussing these opportunities with you and help you to obtain tax refunds.

Questions?  Contact Brian Schwam at 866-298-7829 Ext. 701 or brian.schwam@wtpadvisors.com

What Others Say

"...strong technical expertise, yet they are innovative and always bringing us new insights."

"...great team players, good friends and we trust them...that's big for us."

"...very genuine, very focused and look beyond the politics and conflicts...that's a rare thing these days."

"...good communicators and they built a strong rapport, early on."

"It's rare to find a team that always looks at the bigger picture, what's best for the client and the relationship...and WTP is truly of that mindset."