Free Tax Due Diligence Checklist Template

Tax Due Diligence Checklist


This Tax Due Diligence Checklist is designed to help [YOUR COMPANY NAME] conduct a thorough review of tax-related matters in preparation for a transaction or audit. Please ensure all relevant documents and information are reviewed to confirm compliance and identify potential liabilities.


1. Tax Returns & Filings

  • Review of last 3-5 years of tax returns (Federal, State, Local).

  • Verify consistency with financial statements.

2. Outstanding Tax Liabilities

  • Identify any unpaid or disputed taxes.

  • Review status of any pending audits.

3. Tax Compliance & Status

  • Confirm compliance with all applicable tax laws.

  • Ensure all required filings are up to date.

4. Tax Losses & Credits

  • Identify any carried-forward tax attributes (NOLs, credits).

  • Assess any available tax incentives.

5. Contingent Liabilities

  • Check for any tax-related legal disputes or settlements.

6. Other Key Issues

  • Evaluate risk of future tax audits.

  • Confirm any changes in tax law that may affect the entity.

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