What you'll receive
Tax professionals spend hours manually reviewing returns, tracking filing deadlines, identifying deductions, and assessing compliance risks across multiple jurisdictions. Missing critical deadlines or overlooking deductions can result in penalties, missed savings, and client dissatisfaction. The complexity of tax regulations makes comprehensive compliance analysis time-consuming and prone to hu...
Tax professionals spend hours manually reviewing returns, tracking filing deadlines, identifying deductions, and assessing compliance risks across multiple jurisdictions. Missing critical deadlines or overlooking deductions can result in penalties, missed savings, and client dissatisfaction. The complexity of tax regulations makes comprehensive compliance analysis time-consuming and prone to human error.
CaseMark automatically analyzes tax documents to generate comprehensive compliance summaries that identify all filing deadlines, applicable deductions and credits, and potential liabilities. Our AI reviews prior returns, financial statements, and tax authority correspondence to deliver organized, citation-backed summaries that serve as both compliance roadmaps and strategic planning tools.
This workflow is applicable across multiple practice areas and use cases
Tax compliance summaries are critical for M&A due diligence to identify tax liabilities, assess compliance risks, and structure transactions tax-efficiently.
M&A transactions require comprehensive tax due diligence including review of prior returns, potential liabilities, and compliance history to properly value targets and negotiate deal terms.
Corporate finance transactions require tax compliance analysis for capital raising, restructuring, and strategic planning to optimize tax positions and satisfy investor due diligence.
Tax compliance summaries are integral to corporate finance activities including securities offerings, debt financing, and financial restructuring where tax efficiency and compliance history impact valuation and investor confidence.
Estate planning attorneys use tax compliance summaries to analyze clients' tax positions, plan for estate tax liabilities, and structure wealth transfer strategies.
Understanding a client's historical tax compliance, deductions, and liabilities is essential for effective estate and gift tax planning, trust structuring, and wealth preservation strategies.
Lenders and financing attorneys require tax compliance summaries to assess borrower creditworthiness, verify income, and identify potential tax liens or liabilities affecting collateral.
Tax compliance documentation is standard in loan underwriting and financing transactions to evaluate financial health, confirm representations, and identify risks that could impact repayment ability.
Tax returns and compliance summaries are essential in divorce proceedings for determining income, asset valuation, support calculations, and equitable distribution.
Family law attorneys regularly analyze tax compliance documents to verify income claims, identify hidden assets, calculate alimony and child support, and ensure proper tax treatment of settlements.
CaseMark supports tax compliance summaries for both individual and corporate taxpayers across all entity types including C-corporations, S-corporations, partnerships, LLCs, trusts, and estates. The system automatically adjusts the analysis based on the taxpayer type, addressing entity-specific considerations like controlled foreign corporation reporting for businesses or foreign account reporting for individuals.
CaseMark analyzes your uploaded financial statements, prior tax returns, and transactional documents to identify eligible deductions and credits based on the taxpayer's activities and expenses. The AI cross-references this information with current tax code provisions, IRS guidance, and revenue rulings to highlight both deductions currently claimed and potential opportunities that may have been overlooked, including limitations and phase-outs that apply.
Yes, CaseMark creates comprehensive filing calendars that include federal, state, and local tax deadlines specific to your client's jurisdictions. The system identifies all applicable return due dates, estimated payment deadlines, information return filings, and extension dates, organizing them chronologically with clear indicators of which deadlines are mandatory versus optional.
The AI evaluates your tax positions, payment history, and documentation to identify exposure areas including underpayment penalties, accuracy-related penalties, uncertain tax positions, and AMT considerations. Each potential liability is quantified where possible and assigned a risk level (low, moderate, or high) based on the strength of the legal position and supporting documentation, helping you prioritize compliance actions and client advisories.