Advises companies on federal and state income tax matters
Specializes in income tax planning, income tax accounting and financial reporting matters and income tax compliance
Houston
@alvarezmarsal
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Tanner Flood is a Managing Director with Alvarez & Marsal Tax, LLC in Houston. He specializes in advising companies on federal and state income tax matters, focusing specifically on income tax accounting and financial reporting matters, income tax compliance and tax planning. He has significant experience working with private equity firms and their portfolio companies, and has served clients across various industries, including energy, manufacturing, technology, insurance, air transportation, finance, and real estate.
Mr. Flood has advised public and privately held, multinational corporate and flow-through entities on numerous federal, state and international income tax matters, including ASC 740, compliance, financial reporting, fresh-start accounting, tax planning and corporate tax department operations. He also has experience related to internal control documentation and compliance, as well as knowledge in tax provision software assessments and implementations.
Prior to joining A&M, Mr. Flood worked in the Private Company Services group at PricewaterhouseCoopers in Houston.
Mr. Flood earned a bachelor’s degree in business, with a concentration in accounting, and a master's degree in taxation from Texas Tech University. He is a Certified Public Accountant (CPA) in the state of Texas, and is a member of the American Institute of Certified Public Accountants (AICPA).
The COVID-19 pandemic has created an urgent liquidity crisis for countless taxpayers. As governments around the world move quickly to provide tax deferral opportunities and access to capital, many U.S. taxpayers might have a short window to quickly monetize a few of the notable provisions of the CARES Act. Through the IRS quick refund program, corporate taxpayers may be able to recover overpayments of estimated 2019 taxes within a matter of weeks,
The COVID-19 pandemic has created an urgent liquidity crisis for countless taxpayers. As governments around the world move quickly to provide tax deferral opportunities and access to capital, many U.S. taxpayers might have a short window to quickly monetize a few of the notable provisions of the CARES Act. Through the IRS quick refund program, corporate taxpayers may be able to recover overpayments of estimated 2019 taxes within a matter of weeks.
As the U.S. looks to come back from what Warren Buffett described as a “big one-two punch” of a pandemic and collapsing oil prices, many industries are facing disruptions in business performance resulting in rapid and severe financial distress.
If Jimmy Fallon had a tax background and were to write one of his thank-you notes for this topic, it might read “Thank you, purchase accounting, because regular accounting for income taxes wasn’t complicated enough.”
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