- Corporate transactional state tax services - Analysis of income tax and sales tax nexus issues, real estate transfer tax assessments, bulk sales clearances, and state tax registrations-Sales and use tax audit resolution for motor vehicle auction house-Long-term consulting position with Fortune 500 client to fill state tax director vacancy - Provision and reserve calculation overhaul, audit evaluation and resolution, tax reform review-Wisconsin and Illinois state tax desk controversy and appeals management -Management of annual income and franchise tax compliance filings for various C corporations

Nick Furtwengler is an associate in the law firm of McDermott Will & Emery LLP and is based in the Firm's Chicago office. He focuses his practice on state and local tax matters. Nick is experienced in state and local tax planning, controversy, and incentive work.Below are examples of Nick's recent experience:-Engaged farming equipment manufacturer client - Obtained sales tax refunds based on sales for resale-False Claims Act litigation - Appellate and trial court experience representing defendant retailers-Prepared income tax nexus opinion of Canadian electricity provider selling power in the U.S.-Negotiated state and local tax Voluntary Disclosure Agreements-Health system M&A - Tax-exempt status examination, property tax exemption restoration-Credits and incentives - Managed compliance reporting requirements, structured $25 million of funding to public infrastructure improvements to benefit headquarters relocation-Legislative development tracking of proposed sales tax nexus bills relating to economic nexus-California Franchise Tax Board - Protest and claim for refund of $5 million royalty tax assessment-Obtained Chicago Personal Property Lease Transaction Tax exemption for software company-Secured Illinois sales tax exemptions for several charitable organizations-Employee benefits taxability analysis of health and welfare benefits and retirement benefits-Individual income tax - Review of nonresident liability and Foreign Investment in Real Property Tax Act-Requested Private Letter Rulings to clarify department of revenue positionsNick is a member of the Chicago Bar Association and the Lesbian and Gay Bar Association of Chicago where he served as the Treasurer and a Board Member.Nick is admitted to practice in Illinois.

Integral in securing a long-targeted, Fortune 500 client - Managed the return review and VDA process resulting in $35 million in state tax refundsDeveloped a strategy to exclude over $700 million of foreign royalty income from New York taxation for a Seattle-based, Fortune 500 companyPerform refund reviews of state and local corporate taxes to identify potential refund opportunitiesDesign and implement state tax strategies to reduce tax liabilities and facilitate expansionRestructure corporate tax structures to better align with business strategy and operationsDraft Private Letter Ruling requests to clarify department of revenue positionsReview and amend state tax returns for refunds available after federal tax audit adjustmentsResearch and compose detailed, technical, tax opinion memorandaFacilitate and manage the corporate voluntary disclosure agreement process

Researched and quantified a multi-million dollar federal tax deduction for the due diligence expenses incurred by Kraft Foods to investigate the acquisition of CadburySuccessfully integrated Cadbury’s tax structure into Kraft Food’s federal tax structure through organization chart changes, transfer pricing, and IRS elections for Cadbury entitiesPlanned international and federal tax transactions directly with Legal Counsel & Senior Tax CounselDetermined feasibility and legality of corporate, tax-free, spin-off transactions

Researched and drafted five judicial opinions and two legal memorandaAnalyzed and evaluated a post-judgment issue of first impression for deciding judge

Prepared amended state tax returns to reflect savings opportunity adjustmentsManaged internal tax research database utilized by nation-wide departmentValidated project profitability and client satisfaction by analyzing billable hours and performance

Prepared numerous federal and state corporate, individual, and partnership tax returnsDesigned spreadsheets to model tax returns, analyze savings, and confirm accuracy

Researched employment markets and assessed, analyzed, and integrated potential candidate dataManaged global and time sensitive projects targeted to niche industries and specialized candidates