TAX SERVICES. Maximizing benefi ts. Minimizing risk.

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1 TAX SERVICES Maximizing benefi ts. Minimizing risk. The right tax strategy can make a big difference in your bottom line results. CohnReznick s tax professionals can help you capitalize on applicable tax benefi ts in full compliance with changing regulations.

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3 Overview A well-planned tax strategy helps companies and individuals meet their fi nancial goals by leveraging relevant tax incentives and addressing changing regulations and compliance standards. CohnReznick s tax professionals help our clients achieve success by following proactive, responsible tax practices. As one of the top accounting, tax, and advisory fi rms in the United States, we provide our clients with experienced and timely guidance on tax compliance and preparation. In doing so, we employ a strategic approach designed to align tax regulations and obligations with a company s strategic vision. This helps minimize tax liability and increase the resources available to grow the enterprise. Our client teams are composed of specialists chosen for their particular area of industry and tax expertise, and include a level of hands-on partner involvement typically not found at larger fi rms. One of the key challenges with tax planning is complying with constantly changing tax regulations. CohnReznick closely monitors the tax legislation landscape, advising our clients of implications and opportunities that are on the horizon. We then work with them to plan and prepare the appropriate strategies. Our services include: Nexus studies: We can verify the jurisdictions in which a company must fi le tax returns for income, franchise, sales and use, or other types of taxes. We then assist with preparation and compliance. Net income and franchise tax apportionment issues: We can help determine the proper manner in which to source sales, payroll, and property taxes to the various taxing jurisdictions. Sales and use tax: We can examine current practices for compliance and provide taxability matrices of sales and purchase transactions. We can also provide compliance outsourcing services, on call consulting, and audit services that include reverse audits - refunds. Voluntary disclosure support: When there are past underpayments, voluntary disclosure may be the best option. We help companies evaluate the discrepancy, determine eligibility, and guide them through the disclosure process. Successfully navigating the changing federal tax environment requires technical expertise and industry knowledge. CohnReznick s tax professionals create tailored approaches for each of our federal tax clients, helping them manage tax risk, control costs, and reap maximum tax benefi ts. State and Local Tax The growth of online commerce has put renewed focus by taxing authorities on the collection of state and local taxes. Businesses especially those operating in more than one state need a reliable partner to help them navigate the regulations of the more than 5,000 taxing jurisdictions in the United States. CohnReznick s state and local tax professionals help companies determine whether their state and local taxation policies are consistent with good business practices and with applicable state tax laws. From business restructuring to the changing state and local tax landscape, we can help our clients address even the most complex state and local tax issues.

4 International Tax Businesses serving customers abroad face countless international tax laws that are continually changing. Multinational companies need knowledgeable advisors to help them understand, comply with, and benefi t from the international tax laws applicable to them. CohnReznick s international tax advisors supplemented by the Firm s membership in Nexia, a worldwide network of accounting fi rms assist organizations in developing a global tax strategy consistent with how business is evolving in an increasingly borderless world. Our international tax advisors provide experienced consulting to multinational companies as well as well as support to law firm clients that require international taxation knowledge. Our services include: Cross-border expansion and international mergers and acquisitions: We can identify relevant international tax implications when companies are expanding to new markets or contemplating a cross-border transaction. Tax treaty planning: With extensive knowledge of tax treaties between countries, we can develop an integrated tax plan to minimize combined tax liabilities and ensure compliance. Reparation and foreign tax credit planning: We can help manage reparation compliance and help businesses receive the maximum possible tax credits for foreign tax payment. We can also help them deal with complex transfer pricing and state and local tax issues. Tax Credit Advisory Federal and state governments extend tax credits to businesses in order to stimulate economic growth. Programs such as the low-income housing tax credit (LIHTC), the New Markets Tax Credit, and various renewable energy credit programs have helped developers and investors build affordable housing, revitalize distressed communities and produce renewable energy infrastructure. With one of the largest and most experienced tax credit practices in the country, CohnReznick can help your organization take advantage of available tax credit programs. Our tax credit advisors have extensive experience in assessing our clients tax situations, identifying the relevant tax credit opportunities and helping them apply for and implement these credits to enhance the fi nancial rewards of their projects. We also help investors monetize their credits. Our tax credit experience includes: Historic rehabilitation Low income housing Media and entertainment New Markets Renewable energy CohnReznick s Tax Credit Investment Services Practice provides strategic advisory and due diligence services to corporate investors, lenders, and other enterprises investing in housing tax credits. We help them understand available tax credit structures, the potential returns on investment, and the key market trends and issues necessary to accurately evaluate risk.

5 Corporate Tax Outsourcing Tax compliance can place cyclical demands on the fi nance function of a business especially when the business has been part of a major transaction or is adopting a new tax strategy. Effective tax compliance then becomes dependent on human resource issues of hiring, training, and managing fulltime accounting employees with the right capabilities. CohnReznick offers corporate tax outsourcing services that allow companies to avoid this problem by engaging our highly trained staff. Partnering with us during peak tax season allows businesses to retain control of their internal tax function while gaining the added bandwidth they need to meet deadlines, avoid employee burnout, and maintain fl exibility over the allocation of in-house resources. Private Clients The wealth generated by a successful family business can be a powerful resource, ensuring the fi nancial security of future generations and establishing a legacy of charitable giving. Whether a family chooses to oversee the management of its wealth and philanthropic goals by itself or through the establishment of a formal family offi ce, CohnReznick provides a range of services based on objective, third-party advice and knowledge. Our services include: Generational guidance: We can help develop comprehensive dynastic strategies to preserve a family s legacy while meeting the needs of individual family members including trust and estate planning and trustee services. Concierge services: We can help manage household staff and payroll, provide cash management and bill payment services, contract negotiations, and fi nancial services for eldercare management. Philanthropic planning: We can help individuals and families develop comprehensive philanthropic strategies that allow them to best contribute resources to organizations whose missions are aligned with their priorities. Tax Specialty Services Some tax issues require highly specialized experience to promote the best possible outcome. CohnReznick s tax specialty services professionals can provide industry-specifi c expertise in a number of technical areas that can make a considerable difference to the bottom line. Our services include: Accounting Methods Consultation: A taxpayer has a choice in the various accounting methods available to them. The timing of income and expenses recognition, inventory and other asset capitalization, as well as establishing the proper tax year must all be considered. The difference between the optimal choice and less tax effi cient choices can be signifi cant. We can review current accounting methods and suggest improvements. Accounting for Income Taxes (ASC 740 and ASC ): We help companies successfully implement the rules and requirements associated with ASC 740 and ASC , including the establishment of a robust recognition, measurement, and disclosure process. LIFO elections: Companies that manufacture, produce, or sell goods often achieve tax savings by electing to use Last In, First Out (LIFO) Inventory Price Index Computations. We can help companies evaluate the potential savings and implement the LIFO election.

6 Like-Kind (1031) exchanges: Taxes on the gains from the sale of certain assets can be deferred if the proceeds are used to purchase a similar asset within a specifi ed period of time. We help businesses evaluate the eligibility of these transactions, work with the qualifi ed intermediary, and handle the compliance paperwork. Cost segregation studies: A cost segregation study can signifi cantly lower income tax liabilities through accelerating depreciation on eligible costs. We have both the tax and engineering expertise to perform these complex studies under strict IRS standards. Tax controversy: The revenue pressure on taxing authorities, combined with ever-changing tax regulations, creates an environment ripe for a greater focus on taxpayer compliance. CohnReznick is experienced in working with the IRS and other taxing agencies to achieve favorable results on behalf of our clients in tax examinations, disputes, and appeals. R&D tax credits: The research and development (R&D) tax credit incentivizes companies to increase their investment in R&D by providing a credit against taxes of up to 20 percent of qualifying R&D expense over a specifi ed base amount. CohnReznick can conduct a study of R&D investments to identify qualifi ed expenditures that are often missed. We can also analyze open-year tax returns, identify the opportunity for potential credits, and amend the return for refunds. We also offer preparation and implementation assistance to assure your documentation will meet IRS requirements and we can help to address US GAAP-IFRS tax reserve issues surrounding R&D credits and IRS and state tax auditors examinations of credit calculations. Trusts and Estates In the current regulatory environment, governing trusts and estates are under constant review. Individuals and families seeking to preserve their wealth need an advisor who will take a proactive tax approach to their trust and estate management. CohnReznick assists clients with the design, implementation, and administration of individualized plans aimed at minimizing the impact of gift, estate, and generation-skipping taxes. Our services include: Wealth transfer vehicles: As part of a comprehensive plan, we can establish and manage family limited partnerships, limited liability companies, grantor retained annuity trusts and charitable remainder annuity trusts. Private foundations: We can establish and manage private foundations to oversee both family wealth and philanthropic giving. Valuation: Our Valuation Advisory professionals can provide the accurate and sustainable valuations of businesses, real estate holdings and other assets that trust and estate planning and management often require. Learn More Including CohnReznick as part of your tax planning team will provide you with access to a deep industry knowledge and experience. For more information on how your company can benefit from our tax services, visit: cohnreznick.com/tax

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8 About CohnReznick With origins dating back to 1919, CohnReznick LLP is the 11th largest accounting, tax, and advisory fi rm in the United States, combining the resources and technical expertise of a national fi rm with the hands-on, entrepreneurial approach that today s dynamic business environment demands. CohnReznick serves a large number of diverse industries and offers specialized services for Fortune 1000 companies, owner-managed fi rms, international enterprises, government agencies, not-for-profi t organizations, and other key market sectors. For more information visit: cohnreznick.com CohnReznick is an independent member of Nexia International Circular 230 Notice: In compliance with U.S. Treasury Regulations, the information included herein (or in any attachment) is not intended or written to be used, and it cannot be used by any taxpayer for the purpose of i) avoiding penalties the IRS and others may impose on the taxpayer or ii) promoting, marketing or recommending to another party any tax related matters. Headquartered in New York, NY, CohnReznick serves its clients with more than 280 partners, 2,200 employees, and 26 offi ces. The Firm is a member of Nexia International, a global network of independent accountancy, tax, and business advisors. For more information, visit CohnReznick LLP 2013 This has been prepared for information purposes and general guidance only and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specifi c professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you and anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.