Farm

Approach & Results

Client Profile
McGuire Sponsel partnered with an Illinois-based farm that specializes in cotton and soybeans. With subsidiaries in both the United States and Brazil, the client operates internationally and recently underwent a significant reorganization in Brazil, acquiring additional foreign subsidiaries. This expansion introduced complex tax compliance challenges, and the client’s CPA firm sought our Global Business team’s expertise to ensure the client met all U.S. filing requirements while managing their growing international footprint.

Process
Our Global Business team conducted a thorough analysis of the client’s pre- and post-transaction structures to understand the tax implications of the reorganization. The team identified the necessary U.S. filing requirements resulting from the acquisition of foreign subsidiaries and prepared all required forms and statements. By delivering the documentation within the mandated timeframe, we ensured that the client remained compliant with U.S. regulations. The process involved a detailed review of the transactions to accurately reflect the client’s expanded structure and meet the legal requirements.

Project Results
Within one month, we successfully completed the analysis and filing process, ensuring the client met all necessary U.S. deadlines. As a result, the client maintained full compliance and avoided penalties. Going forward, our Global Business team will continue to monitor the client’s evolving structure to identify potential tax-saving opportunities and optimize their international tax strategy.