IN THE UNITED STATES COURT FOR THE DISTRICT OF ......Case 19-10684-KG Doc 1114 Filed 08/15/19 Page 2...

IN THE UNITED STATES BANKRUPTCY COURTFOR THE DISTRICT OF DELAWARE

In re

HEXION TOPCO, LLC,1

Reorganized Debtors.

x : : : : : : : x

Chapter 11

Case No. 19-10684 (KG)

(Jointly Administered)

Obj. Deadline: September 5, 2019 at 5:00 p.m. (ET) Hearing Date: September 23, 2019 at 11:00 a.m. (ET)

COVER SHEETS FOR FINAL APPLICATION OF ERNST & YOUNG LLP FOR COMPENSATION

FOR THE PERIOD FROM APRIL 1, 2019 THROUGH JULY 1, 2019

Name of applicant: Ernst & Young LLP (“EY LLP”)

Authorized to provide professional services to:

The above-captioned debtors and debtors-in-possession

Date of retention order: June 20, 2019 nunc pro tunc to April 1, 2019

Period for which compensation and reimbursement are sought:

April 1, 2019 through July 1, 2019

Amount of compensation sought as actual, reasonable and necessary:

$393,314.50

Amount of expense reimbursement sought as actual, reasonable, and necessary:

$20,933.00

This is a(n): monthly interim x final application

Previous Monthly Fee Applications Filed: No

1 The Reorganized Debtors in these cases, along with the last four digits of each Reorganized Debtors’ federal tax identification number, are Hexion TopCo, LLC (f/k/a Hexion Holdings LLC) (6842) and Hexion Inc. (1250). The address of the Reorganized Debtors’ corporate headquarters is 180 East Broad Street, Columbus, Ohio 43215.

Case 19-10684-KG Doc 1114 Filed 08/15/19 of 13

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COMPENSATION BY PROFESSIONAL

Name Title Time Hourly Rate Total Fees Cushman, Douglas Senior Manager 27.9 $600.00 $16,740.00 O'Brien, John M Senior 50.5 $275.00 $13,887.50 Krause, Caitlin Staff/Assistant 11.3 $175.00 $1,977.50

Martus, Tyler Raymond Senior Manager 36.2 $600.00 $21,720.00 Barnes, Andrew M Senior Manager 25.6 $600.00 $15,360.00

Deepika Chowdhary Staff/Assistant 0.1 $175.00 $17.50 Aishwarya Vijay Simhalu Staff/Assistant 37.8 $175.00 $6,615.00

Vandana Padmanabhan Menon Manager 1.6 $450.00 $720.00 Farheen Firdose Senior 3.4 $275.00 $935.00

Allen, Jenefier Michelle Staff/Assistant 0.2 $175.00 $35.00 Susan Abraham Staff/Assistant 0.3 $175.00 $52.50

Chaitra Suresh Vader Senior 0.2 $275.00 $55.00 Judy Berney L Staff/Assistant 0.5 $175.00 $87.50 Ibarra Luciano Staff/Assistant 0.2 $175.00 $35.00

Bharath S Gowda Staff/Assistant 2.2 $175.00 $385.00 Robinson, Joseph R Partner/Principal 25.3 $750.00 $18,975.00

Walker, Paul D. Senior Manager 0.6 $600.00 $360.00 Agrawal, Shalini Senior Manager 11.5 $600.00 $6,900.00 Hill, Brittany N. Senior 28.4 $275.00 $7,810.00

Longstreet, Jennifer A. Partner/Principal 5.7 $750.00 $4,275.00 Malone, Shea K. Manager 4.7 $450.00 $2,115.00

Powell, Timothy C Senior Manager 2.0 $600.00 $1,200.00 Kalman,Amber Staff/Assistant 2.5 $175.00 $437.50

Briles, Kiera Nicole Staff/Assistant 1.2 $175.00 $210.00 Razavian, Jamal Alexander Senior Manager 5.2 $600.00 $3,120.00

DeMers, Steven Craig Partner/Principal 6.8 $750.00 $5,100.00 Crouch, Nelson F. Executive Director 1.2 $750.00 $900.00

Bons, Gijsbert Martijn Senior Manager 1.9 $600.00 $1,140.00 Wichman, Timothy J Partner/Principal 2.6 $750.00 $1,950.00

Polisena, Victoria Staff/Assistant 19.5 $175.00 $3,412.50 Sharath Gopinath Senior 6.0 $275.00 $1,650.00

Catherien Emmanuel Senior 4.0 $275.00 $1,100.00 Drobny, Christopher R Staff/Assistant 1.0 $175.00 $175.00

Divya A Staff/Assistant 0.3 $175.00 $52.50 Susanna Paul Senior 2.7 $275.00 $742.50

Chaitra N Staff/Assistant 1.5 $175.00 $262.50 Leonard, Robert Andrew Senior Manager 0.5 $600.00 $300.00

International Compliance billed at fixed rate per hour

Yin, Yu Senior Manager 56.1 $159.00 $8,919.90 Martus, Tyler Raymond Senior Manager 46.1 $159.00 $7,329.90

Wissinger, Chunlu Manager 78.0 $159.00 $12,402.00


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Name Title Time Hourly Rate Total Fees Marrs, Peter Executive Director 2.5 $159.00 $397.50

Tandon, Nikita Staff/Assistant 0.5 $159.00 $79.50 DeCocker, Austin T Staff/Assistant 89.8 $159.00 $14,278.20

Gao, Monica Staff/Assistant 115.8 $159.00 $18,412.20 Jibin John Staff/Assistant 143.8 $159.00 $22,864.20

O'Brien, John M Senior 9.7 $159.00 $1,542.30 Parthasarathy Aladu Venkatesan Senior 50.5 $159.00 $8,029.50

Teena Pappachan Senior 149.8 $159.00 $23,818.20 Anusha Vishwanath Staff/Assistant 0.5 $159.00 $79.50 Pankaj Khandelwal Manager 65.7 $159.00 $10,446.30 Powell, Timothy C Senior Manager 2.0 $159.00 $318.00

Koushik V Staff/Assistant 18.5 $159.00 $2,941.50 Sheba Thanveer Senior 152.2 $159.00 $24,199.80

Barnes, Andrew M Senior Manager 4.3 $159.00 $683.70 Akshay Padmanabhan Senior 3.0 $159.00 $477.00

Jeet . Staff/Assistant 0.5 $159.00 $79.50 McDonald, Wendy Ann Senior Manager 1.2 $159.00 $190.80 Fee App Preparation

Ingram, Connie J Manager 16.7 $450.00 $7,515.00 Fixed Fee Total Hours

US Domestic Compliance Fixed Fee 223.1 $77,500.00 2019 Q1 Provision Fixed Fee 19.9 $10,000.00

Total 1583.3 $393,314.50


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COMPENSATION BY PROJECT CATEGORY

Time Category Category Descriptions Total

Hours Total Fees

US Domestic Compliance This category relates to the preparation and review of the US domestic federal and state tax returns, estimates, and extensions.

223.1 $77,500.00

US Domestic Compliance - Out of Scope This category relates to the preparation and review of the Form 8975 or Country by Country Reporting form and analysis of prior year NOLs. This work is out-of-scope from the original US Domestic Compliance SOW and is billed separately.

10.7 $3,197.50

International Compliance This category relates to the preparation and review of all international tax forms that are attached to the US Federal Tax Return. This includes Forms 5471, 8858, 8865, 8990, 8991, 8992, 8993, 965, and transaction related disclosures.

990.5 $157,489.50

Global Compliance and Reporting Global Tax Coordination fee relating to 2018 Tax Returns which includes coordinating local teams for upcoming compliance and document and record maintenance

48.9 $10,377.50

Bankruptcy Projects Assistance with bankruptcy process (i.e., Project Miro) including discussions regarding bankruptcy SOWs fee reconciliation, and providing required information to the internal EY general counsel team and bankruptcy trustee.

63.3 $26,877.50

SCM Analysis Services Cost Method ("SCM") analysis for tax reform to determine what services performed by EPCD business unit can be deemed as falling to reduce BEAT tax

6.1 $2,490.00


5

Time Category Category Descriptions Total Hours

Total Fees

ADS Depreciation Preparation and review of Form 3115 and related statements related to ADS depreciation method change. Reviewing the risk and tax return impact. Preparation and review of Section 481a adjustment related to ADS depreciation

17.7 $9,990.00

2019 Q1 Provision This category relates to the review of the company prepared Q1 provision for 2019. All items reviewed that were prepared by the company and any related discussions are considered in scope and part of the fixed fee.

19.9 $10,000.00

2019 Q1 Provision - Out of Scope Preparation and review of the out of scope tax reform related calculations and memos for the 2019 Q1 provision including APB23, Section 163j, BEAT, GILTI, FIN18, Foreign Tax Credit

41.3 $19,167.50

NL Basis Study Analysis, research, and discussions regarding the NLH basis study including preparing a memo, calculation of basis, reconciling differences between inside and outside tax basis of NLH and underlying subsidiaries, and determining the impact on emergence

23.0 $14,310.00

NL Check the Box Analysis Analysis, research, and discussions regarding the tax implication of making a check the box election for NLIC

21.4 $13,680.00

NL Dual Consolidated Loss Analysis Analysis, research, and discussions regarding NL Dutch Implications of dual consolidated loss rules on interest expense deductibility in the Netherlands

11.8 $7,245.00

NL Debt Analysis Analysis, calls, and discussions regarding discuss potential secs. 304, 987, 988, 1503(d) implications of Hexion borrowing EUR-denominated

12.1 $8,385.00


6

Time Category Category Descriptions Total Hours

Total Fees

third-party debt at NLIC and US/NL debt considerations

NL Restructuring Analysis Analysis and discussions regarding post-bankruptcy and Dutch restructuring alternatives and tax attributes

4.9 $3,615.00

Section 956 Research on Section 956 related to the application of new regulations and how they could impact the pledging of foreign stock.

3.1 $1,860.00

Transfer Pricing FY18 Documentation Analysis and research regarding the calculation of tested party data and comparable benchmarking analysis for specific intercompany transactions ("Covered Transactions")

68.8 $19,615.00

Fee App Preparation Preparation of fee applications in format required by bankruptcy court

16.7 $7,515.00

Total 1583.3 $393,314.50


7

SUMMARY OF EXPENSES

Expense Category Total Expenses Outside Counsel Fees $20,933.00

Total Expenses $20,933.00


8

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re HEXION TOPCO, LLC,2 Reorganized Debtors.

x : : : : : : : x

Chapter 11 Case No. 19-10684 (KG) (Jointly Administered) Obj. Deadline: September 5, 2019 at 5:00 p.m. (ET) Hearing Date: September 23, 2019 at 11:00 a.m. (ET)

COVER SHEETS FOR FINAL APPLICATION OF ERNST & YOUNG LLP FOR COMPENSATION

FOR THE PERIOD FROM APRIL 1, 2019 THROUGH JULY 1, 2019

Pursuant to Sections 330 and 331 of Title 11 of the United States Code (the “Bankruptcy

Code”), Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”),

Ernst & Young LLP (“EY LLP”) hereby files this final application for compensation as a

retained professional to the above-captioned Debtors (this “Application”). By this Application,

EY LLP respectfully requests allowance on a final basis and payment of $393,314.50 as

compensation and reimbursement of expenses of $20,933.00 with respect to services it provided

to the Debtors during the period from April 1, 2019 through July 1, 2019 (the “Fee Period”).

Background

1. On April 1, 2019 (the “Petition Date”), each of the Debtors filed a voluntary

petition for relief under chapter 11 of title 11 of the United States Code, 11 U.S.C. §§ 101, et seq.

(the “Bankruptcy Code”). The Debtors operate their respective businesses and manage their

properties as debtors in possession pursuant to sections 1107(a) and 1108 of the Bankruptcy

Code.

2 The Reorganized Debtors in these cases, along with the last four digits of each Reorganized Debtors’ federal tax

identification number, are Hexion TopCo, LLC (f/k/a Hexion Holdings LLC) (6842) and Hexion Inc. (1250). The address of the Reorganized Debtors’ corporate headquarters is 180 East Broad Street, Columbus, Ohio 43215.


9

2. The Debtors’ retention of EY LLP was approved by this Court’s Order dated

June 20, 2019, nunc pro tunc to the Petition Date [D.I. 817].

3. EY LLP is authorized to be compensated under the terms set forth in the

engagement letters between the Debtors and EY LLP, and to be reimbursed for actual and

necessary out-of-pocket expenses.

4. As disclosed in the declaration of Joseph R. Robinson in support of the Debtors’

application to retain EY LLP, EY LLP was holding a credit balance for the Debtors’ account

totaling approximately $227,083, which EY LLP will apply in payment of post-petition Court-

approved compensation and reimbursement of expenses.

5. The Debtors’ Chapter 11 plan became effective on July 1, 2019.

Compensation Paid and Its Source

6. All services for which EY LLP requests compensation were performed for or on

behalf of the Debtors. EY LLP has received no payment and no promises for payment from any

source other than the Debtors for services rendered or to be rendered in any capacity in

connection with the matters covered by this Application.

Supporting Detail

7. During the Fee Period, EY LLP performed services for the Debtors. The total

time spent by EY LLP with respect to the services for which it requests compensation hereunder

was approximately 1,583.3 hours. The blended average hourly rate with respect to such services

during the Fee Period was approximately $248.41.

8. The supporting detail for this Application is attached hereto as Exhibit A which

contains the daily time information for each EY LLP professional during the Fee Period. Exhibit B


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contains the detail for actual and necessary expenses for which EY LLP is seeking reimbursement

during the Fee Period.

Applicable Law

9. Section 330(a)(1) of the Bankruptcy Code provides, in relevant part, as follows:

(a) (1) After notice to the parties in interest and the United States Trustee and a hearing, and subject to sections 326, 328, and 329, the court may award to a … professional person employed under section 327 or 1103 –

(A) reasonable compensation for actual, necessary services rendered by the trustee, examiner, ombudsman, professional person, or attorney and by any paraprofessional person employed by any such person; and

(B) reimbursement for actual, necessary expenses.

10. Section 330 of the Bankruptcy Code prescribes the general standards for

determining the reasonableness of the amount of compensation sought by a professional. See 3

Collier on Bankruptcy ¶ 331.03 at 331-12. Congress enacted section 330 of the Bankruptcy

Code to liberalize the practice of granting the allowance of compensation to professionals in

bankruptcy cases in order to ensure that professionals be reasonably compensated and that future

professionals not be deterred from taking bankruptcy cases due to a failure to pay adequate

compensation. See In re Ames Dep’t Stores, Inc., 76 F.3d 66, 72 (2d Cir. 1996) (quoting In re

UNR Indus., Inc., 986 F.2d 207, 208-09 (7th Cir. 1993)).

11. Section 330(a) of the Bankruptcy Code provides for the compensation of

reasonable and necessary services rendered by professionals based on the time, the nature, the

extent and the value of such services, and the cost of comparable services other than in a case

under the Bankruptcy Code. See 11 U.S.C. § 330. The test for determining necessity is

objective; focusing on what services a reasonable professional would have performed under the

same circumstances. See, e.g., In re Angelika Films 57th, Inc., 227 B.R. 29, 42 (Bankr. S.D.N.Y.

1998). This test does not rely on hindsight to determine the ultimate success or failure of the


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professional’s actions. See id.; In re Keene Corp., 205 B.R. 690, 696 (Bankr. S.D.N.Y. 1997).

Ultimately, if the services of a professional are reasonably likely to benefit the debtor’s estate,

they should be compensable. See Angelika Films, 227 B.R. at 42.

12. EY LLP respectfully submits that the compensation sought in this Application is

necessary and reasonable. The services that EY LLP rendered to the Debtors during the Fee

Period required a high degree of professional competence. EY LLP performed efficiently,

effectively and economically, and the results obtained have benefited the Debtors, their estates

and creditors.


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WHEREFORE, EY LLP hereby respectfully requests allowance on a final basis and

payment of $393,314.50 as compensation and reimbursement of $20,933.00 expenses with

respect to services it provided to the Debtors during the Fee Period. EY LLP also respectfully

requests that it be granted such other and further relief as the Court may deem just and proper.

Dated: August 15, 2019

/s/ Joseph R. Robinson Joseph R. Robinson Ernst & Young LLP


VERIFICATION

I hereby certify that:

1. I am a partner of the applicant firm, Ernst & Young LLP, which serves as a

professional in the above-referenced chapter 11 cases.

2. I have read the foregoing application of Ernst & Young LLP for allowance of

compensation and expenses and know the contents thereof. The contents of the application are

correct to the best of my knowledge, information and belief.

3. To the best of my knowledge, information and belief, the application complies

with Rule 2016-2 of the Local Rules for the United States Bankruptcy Court for the District of

Delaware.

Dated: August 15, 2019

/s/Joseph R. Robinson Joseph R. Robinson Ernst & Young LLP


RLF1 21884315v.1

IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

In re HEXION TOPCO, LLC,1 Reorganized Debtors.

x : : : : : : : x

Chapter 11 Case No. 19-10684 (KG) (Jointly Administered) Objection Deadline: September 5, 2019 at 5:00 p.m. (ET) Hearing Date: September 23, 2019 at 11:00 a.m. (ET)

NOTICE OF FEE APPLICATION

PLEASE TAKE NOTICE that Ernst & Young LLP (the “Applicant”) has today

filed the attached Final Application of Ernst & Young LLP for Compensation for the Period from

April 1, 2019 through July 1, 2019 (the “Application”) with the United States Bankruptcy Court

for the District of Delaware (the “Bankruptcy Court”).

PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application

must be made in accordance with the Order Establishing Procedures for Interim Compensation

and Reimbursement of Professionals, dated May 1, 2019 [D.I. 292], must be filed with the Clerk

of the Bankruptcy Court, 824 North Market Street, Wilmington, Delaware 19801, no later than

5:00 p.m. (Eastern Time) on September 5, 2019, and be served upon: (i) Hexion TopCo LLC,

180 East Broad Street, Columbus, Ohio 43215 (Attn: Peter Rosato ([email protected])

and Douglas Johns ([email protected])); (ii) the Office of the United States Trustee for

the District of Delaware (Attn: Linda J. Casey, Esq. ([email protected])); (iii) Latham &

Watkins LLP, 885 Third Avenue, New York, New York 10022 (Attn: George Davis

([email protected]), Andrew Parlen ([email protected]), and Hugh Murtagh

1 The Reorganized Debtors in these cases, along with the last four digits of each Reorganized Debtors’ federal tax identification number, are Hexion TopCo, LLC (f/k/a Hexion Holdings LLC) (6842) and Hexion Inc. (1250). The address of the Reorganized Debtors’ corporate headquarters is 180 East Broad Street, Columbus, Ohio 43215.

Case 19-10684-KG Doc 1114-1 Filed 08/15/19 Page 1 of 3

2 RLF1 21884315v.1

([email protected])); (iv) Latham & Watkins LLP, 330 North Wabash Avenue, Suite 2800,

Chicago, Illinois 60611 (Attn: Caroline Reckler ([email protected]), and Jason Gott

([email protected])); (v) Richards, Layton & Finger, P.A., One Rodney Square, 920 North

King Street, Wilmington, Delaware 19801 (Attn: Mark D. Collins ([email protected]), Michael J.

Merchant ([email protected]), Amanda R. Steele ([email protected]), and Brendan J. Schlauch

([email protected])); (vi) Kramer Levin Naftalis & Frankel LLP, 1177 Avenue of the Americas,

New York, New York 10036 (Attn: Kenneth H. Eckstein ([email protected]),

Douglas H. Mannal ([email protected]), and Rachael L. Ringer

([email protected])); (vii) Bayard, P.A., 600 North King Street, Suite 400, Wilmington,

Delaware 19801 (Attn: Justin R. Alberto ([email protected]) and Erin R. Fay

([email protected])); (viii) Akin Gump Strauss Hauer & Feld LLP, One Bryant Park, Bank

of America Tower, New York, New York 10036 (Attn: Philip C. Dublin

([email protected]) and Naomi Moss ([email protected])), counsel to the ad hoc

group of first lien noteholders; (ix) Milbank LLP, 55 Hudson Yards, New York, New York

10001 (Attn: Matthew L. Brod ([email protected]) and Brian Kinney

([email protected])), counsel to the ad hoc group of crossover noteholders; and (x) Jones

Day, 250 Vesey Street, New York, New York 10281 (Attn: Benjamin Rosenblum

([email protected]) and Jeremy D. Evans ([email protected])), counsel to the ad

hoc group of 1.5 lien Noteholders.

PLEASE TAKE FURTHER NOTICE that the Application shall be considered at

a hearing before The Honorable Kevin Gross at the Bankruptcy Court, 824 North Market Street,

6th Floor, Courtroom No. 3, Wilmington, Delaware 19801 on September 23, 2019 at 11:00

a.m. (prevailing Eastern Time).


3 RLF1 21884315v.1

Dated: August 15, 2019 Wilmington, Delaware /s/ Brendan J. Schlauch

Mark D. Collins (No. 2981) Michael J. Merchant (No. 3854) Amanda R. Steele (No. 5530) Brendan J. Schlauch (No. 6115) Sarah E. Silveira (No. 6580) RICHARDS, LAYTON & FINGER, P.A. One Rodney Square 920 North King Street Wilmington, Delaware 19801 Telephone: (302) 651-7700 Fax: (302) 651-7701 Email: [email protected] [email protected] [email protected] [email protected] [email protected] - and - George A. Davis (admitted pro hac vice) Andrew M. Parlen (admitted pro hac vice) Hugh Murtagh (admitted pro hac vice) LATHAM & WATKINS LLP 885 Third Avenue New York, New York 10022 Telephone: (212) 906-1200 Facsimile: (212) 751-4864 Email: [email protected] [email protected] [email protected] - and - Caroline A. Reckler (admitted pro hac vice) Jason B. Gott (admitted pro hac vice) LATHAM & WATKINS LLP 330 North Wabash Avenue, Suite 2800 Chicago, Illinois 60611 Telephone: (312) 876-7700 Facsimile: (312) 993-9767 Email: [email protected] [email protected]

Attorneys for the Reorganized Debtors


Exhibit A


Exhibit A

Time Detail

Name Title Date Project Category

Description Hours Hourly Rate

Fee

O'Brien,John M Senior 12-Apr-19 US Domestic Compliance

mailing and e-filing all extensions, working through 1042 extension issue

4.0 Fixed Fee $77,500.00

Cushman,Douglas Senior Manager 19-Apr-19 US Domestic Compliance

Call with J. O'Brien, Va. Parthaban regarding global compliance time keeping process and bankruptcy SOW process.

0.7 Fixed Fee

O'Brien,John M Senior 19-Apr-19 US Domestic Compliance

Call with D. Cushman and V. Padmanabhan Menon regarding global compliance time keeping and bankruptcy SOW process

0.7 Fixed Fee

Vandana Padmanabhan Menon

Manager 19-Apr-19 US Domestic Compliance

Call with D. Cushman and J. O'Brien regarding global compliance time keeping and bankruptcy SOW process

0.7 Fixed Fee


Call with T. Martus, J. Robinson, R. Schumacher to discuss 2018 Compliance for ITS Scope and other SOW items.

1.0 Fixed Fee


Accounting method - ADS method change timing discussion between 2018 & 2019. Call with J. Longstreet, T. Martus, A. Barnes

0.7 Fixed Fee

O'Brien,John M Senior 6-May-19 US Domestic Compliance

pull FX rates from client's SAP system so the EY international team can complete various international tax compliance workpapers

0.8 Fixed Fee

Leopold,Randall P Senior 7-May-19 US Domestic Compliance

compliance kick off meeting with John 0.4 Fixed Fee


TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venkatesan; Jibin, John; Teena Pappachan; John M O'Brien; Monica Gao; Chunlu Wissinger; Austin DeCocker

0.7 Fixed Fee


compliance kick off meeting with Randy 0.4 Fixed Fee




Fee


Pulled local currency EPM financial reports from client's system and labeled each entity's local currency for international tax compliance workpapers

1.1 Fixed Fee

Chalapathi S Senior 10-May-19 US Domestic Compliance

Weekly compliance call. Discussed status of federal return and plan for the team over the next couple of weeks. Participants were D.Cushman, V. Mohan, Chalapathi S, J. O Brien, R. Leopold NSRSN3

0.5 Fixed Fee

Cushman,Douglas Senior Manager 10-May-19 US Domestic Compliance

Weekly compliance call. Discussed status of federal return and plan for the team over the next couple of weeks. Participants were D.Cushman, V. Mohan, Chalapathi S, J. O Brien, R. Leopold

0.4 Fixed Fee


Compliance kick off meeting with John, Doug, and Global Delivery Services team

0.4 Fixed Fee


send instructions to GDS team on preparing book returns and timekeeping procedures

0.7 Fixed Fee


2018 US compliance planning discussion. Items discussed included scheduling hours, expectations for the project, and importing trial balance information into tax software. Participants on the call were Doug Cushman, Randy Leopold, John O’Brien, Vishwas Mohan, Chalapathi S

0.4 Fixed Fee

Vishwas Mohan Manager 10-May-19 US Domestic Compliance


0.4 Fixed Fee


Reviewing PY state client requests, correspondence with the client regarding the state apportionment requests

0.7 Fixed Fee




Fee


preparing updated budgeted hours for GDS team based in India

0.4 Fixed Fee


Weekly compliance call. Discussed GLM Upload, TB uploading, team assignments and next steps. Participants were D. Cushman, R. Leopold, Chalapathi S., J. O'Brien.”

0.3 Fixed Fee


Hexion Compliance status call. J OBrien, R Leopold, Chlapathi S to connect on GLM upload, TB coding, team assignments and next steps.

0.3 Fixed Fee

Krause,Caitlin Staff/Assistant 14-May-19 US Domestic Compliance

Rollforward Federal COGS rollforward workpaper to 2018

1.5 Fixed Fee


Roll forward Consolidated - Balance Sheet Comparison for Eliminations for 2018 tax year

0.7 Fixed Fee


Weekly compliance call. Discussed GLM Upload, TB uploading, team assignments and next steps. Participants were D. Cushman, R. Leopold, Chalapathi S., J. O'Brien.

0.3 Fixed Fee


Weekly compliance call. Discussed GLM Upload, TB uploading, team assignments and next steps. Participants were D. Cushman, R. Leopold, Chalapathi S., J. O'Brien.

0.3 Fixed Fee


Review PY workpapers and prepare instructions and pull and send necessary client data from SAP and EPM systems so EY staff can begin preparing the workpapers

2.3 Fixed Fee


Had Internal Call with Staff & helping staff on TB formatting, identifying reporting unit etc.

1.0 Fixed Fee


Hexion - Tax compliance project management. SOW changes, scheduling adjustments, review plan and budget.

1.2 Fixed Fee


Rolled forward COGS reclass workbook to 2018 4.0 Fixed Fee


responding to Isaiah's questions, GLM updates 1.3 Fixed Fee




Fee

Vivin Saravansoundarrajan

Staff/Assistant 15-May-19 US Domestic Compliance

working on formatting of accounts, rolling over binders in GLM, mapping and coding of new accounts, finding out the entity of the TB to which it belongs as the name mentioned in the TB's where not clear. Sharable

5.3 Fixed Fee


Helping Staff on Chart of accounts Mapping & Formatted & Imported TB to GLM

1.9 Fixed Fee


Preparing the taxable income calculation file for the 2018 tax year including calculating pre-tax book income, all tax adjustments, determining NOL utilization, and identifying any open items

6.7 Fixed Fee


Had status call with US team & discussed on the work status with John

0.5 Fixed Fee


Rolled forward Elimination workpaper to 2018 for federal return

1.0 Fixed Fee


reviewing COGS calculation 1.0 Fixed Fee


reviewing TI calculation 1.5 Fixed Fee


Reviewing the cost of goods sold workpaper and balance sheet eliminations workpaper

1.2 Fixed Fee


Resolving the issue in the tax software where the wrong EY standard charts were assigned to the U.S. entity binders. Resolved by making copies of the binders, unassigning all charts, and relinking entities to the consolidating entities.

1.5 Fixed Fee


Updating Account Mapp. & importing, assigning chart of accounts to binders, also review of Book returns

4.4 Fixed Fee


Review Federal RTP adjustments for state taxes and accruals on retirement account balances.

0.5 Fixed Fee


Rolled forward Hexion Book Reclass and Adj workbook to 2018

0.5 Fixed Fee


reviewing TI calc 2.5 Fixed Fee




Fee


review COGS workpaper (0.5), review Eliminations workpaper (0.2)

0.7 Fixed Fee

Sheryl Mariam James


book return - preparation of book (not tax adjusted) proforma return

2.0 Fixed Fee


Call to discuss status on Hexion federal compliance including book returns, hours schedules, and importing data into the tax software. Participants were D. Cushman, R. Leopold, Chalapathi S, and J. O’Brien

0.2 Fixed Fee


Preparation & Review of Federal Book returns - Had Call with US team on status update.

2.6 Fixed Fee



0.2 Fixed Fee



0.2 Fixed Fee



0.2 Fixed Fee



0.2 Fixed Fee


Call to discuss status on Hexion federal compliance including book returns, hours schedules, and importing data into the tax software. Participants were D. Cushman, R. Leopold, Chalapathi S, and J. O Brien

0.4 Fixed Fee




Fee


reviewing EY tax space FTW and federal tax loader information

3.0 Fixed Fee


Preparing taxable income calculation in OneSource Tax Provision software and updating the associated workpaper to be imported into EY tax software

4.1 Fixed Fee

Sheryl Mariam James


call with Hexion, Inc. team to discuss proforma return prepration

0.5 Fixed Fee


reviewing EY tax space FTW and federal tax loader information, reviewing GDS work and questions

3.0 Fixed Fee

Sai Krishna Chennupati


Helped team in setting up Charts 0.6 Fixed Fee


Had internal call with resource team on Staffing & introducing the Staff on the engagement

1.0 Fixed Fee


Call to discuss status on Hexion federal compliance including book returns, & work flow for this week. Participants were R. Leopold, Chalapathi S

0.3 Fixed Fee


Hexion - review email on proforma. Talk with R Leopold regarding status of returns and open questions including FTW import process.

0.4 Fixed Fee


Call to discuss status on Hexion federal compliance including book returns, & work flow for this week. Participants were R. Leopold, Chalapathi S

0.3 Fixed Fee


reviewing FTW loader 1.0 Fixed Fee


Helping staff on Proforma returns & updating Tax adjustments in OIT & FTW's for all entities. Also sending open questions to Randy.

0.3 Fixed Fee


Updating the FTW loader and pushing the changes through the tax software

3.0 Fixed Fee


Helping staff on Proforma returns & updating Tax adjustments in OIT & FTW's for all entities. Also sending open questions to Randy.

5.9 Fixed Fee


Updated Budget to Actual file with time and expense from Mercury

1.5 Fixed Fee




Fee


review COGS workpaper, eliminations workpapers and reclass book adj workpaper

3.0 Fixed Fee

Sheryl Mariam James


fed returns - prepare Hexion proforma tax returns 5.4 Fixed Fee


Hexion - AML follow-up to Greg, Ed. 0.3 Fixed Fee


Hexion billing email from Joe regarding outstanding AR from P'ship invoices.

0.3 Fixed Fee


reviewing federal tax workpapers supporting the taxable income calculation

1.0 Fixed Fee

Chalapathi S Senior 3-Jun-19 US Domestic Compliance

Worked on HEXSUBCON & its subsidiaries federal returns

4.5 Fixed Fee

Leopold,Randall P Senior 3-Jun-19 US Domestic Compliance

reviewing proforma book returns 2.5 Fixed Fee


Weekly compliance call. Discussed status of federal return, workpapers and plan for the team over the next couple of weeks. Participants were Chalapathi S, J. O’Brien, R. Leopold

0.2 Fixed Fee


Worked on Federal proforma returns including Consolidated returns

4.5 Fixed Fee



0.2 Fixed Fee


reviewing OTP export for the RTP to understand differences and explanations for why different

2.0 Fixed Fee

O'Brien,John M Senior 4-Jun-19 US Domestic Compliance


0.2 Fixed Fee


reviewing to check that all the tax adjustments and reclasses are properly pushed into the tax software

1.5 Fixed Fee

Krause,Caitlin Staff/Assistant 6-Jun-19 US Domestic Compliance

Pulled March Financials for Q2 Estimate Calculation

0.5 Fixed Fee




Fee


Rolled forward estimate calculation file for Q2 2.5 Fixed Fee


review Q2 estimate calculation 2.0 Fixed Fee


Reviewing and updating COGS workpaper and pushing the adjustments into the tax software

4.1 Fixed Fee

Cushman,Douglas Senior Manager 7-Jun-19 US Domestic Compliance

Tax Compliance status of proforma return preparation, taxable income calculations, etc.

0.7 Fixed Fee


NJ - notice response. Research CBT DIV, review PY extension calculation and instruct John on changes for Q2 estimates. Draft email for Hexion team.

1.2 Fixed Fee


Prepare Q2 Vouchers, control sheet and payment forms for South Carolina, North Carolina, Minnesota, Oregon, Kentucky

1.5 Fixed Fee


review Q2 estimate calculation and all vouchers, provide comments to team

3.0 Fixed Fee


Review proforma federal returns and make updates to presentation and taxable adjustments as review is completed

5.2 Fixed Fee


prepare instructions for GDS team (India based team) for federal return work to complete next week

0.5 Fixed Fee


Worked on consolidated Federal return & fixing issue chart of accounts

5.3 Fixed Fee


Hexion - New Jersey notice. Discussion with J. Robinson and email to Hexion team.

1.2 Fixed Fee


reviewing federal TI calculation 1.0 Fixed Fee


review and updated Hexion Q2 estimate and vouchers

1.7 Fixed Fee

Sheryl Mariam James

Staff/Assistant 10-Jun-19 US Domestic Compliance

general info - preparation of general information section of form 1120 proformas (Schedule K, B,

2.5 Fixed Fee




Fee

etc.)



0.3 Fixed Fee


Worked on Federal consolidated return & Fuel tax credit as part of preparation of the consolidated US income tax return (Form 1120)

1.7 Fixed Fee


Q2 estimated payment considerations. Review Q2 file calc. comments to team.

2.4 Fixed Fee


Research and email to J Rohde regarding New Jersey payment for 2018 liability.

0.4 Fixed Fee


Call with J. O'Brien, R. Leopold and GDS team on Federal return status.

0.3 Fixed Fee


continued reviewing of the federal TI calculation 2.0 Fixed Fee



0.3 Fixed Fee


reviewing and updating the federal return from the version the GDS team based in India sent for tax expense allocation and presentational items

6.4 Fixed Fee


Call with D. Cushman, R. Leopold and GDS team on Federal return status.

0.3 Fixed Fee

Vishwas Mohan Manager 11-Jun-19 US Domestic Compliance


0.3 Fixed Fee


Hexion - Estimates email to client highlighting New Jersey issue, Federal payment considerations.

0.8 Fixed Fee


built out Variance analysis for page 1 and sch L of federal return which compares to PY return

1.5 Fixed Fee




Fee


review OTP export files and revised TI calculation 2.0 Fixed Fee


Updates to the federal return and workpapers for changes in tax expense allocation and section 988 M-adjustment

6.0 Fixed Fee


Engagement management - prepare budget to actual analysis and revised scheduling

0.3 Fixed Fee


Review email traffic on Hexion ITS forms, State process, Federal items.

0.8 Fixed Fee


review M3 workpaper 1.0 Fixed Fee


review variance analysis file for federal 1120 P1 and balance sheet

1.0 Fixed Fee


review return to provision workpaper 0.7 Fixed Fee


reviewing and updating variance analysis of the Form 1120 page 1 and Schedule L

1.9 Fixed Fee


Discuss M1 status with J. O'Brien and R. Leopole. Draft email to J. Rohde on open items and gather available times for follow-up call.

0.5 Fixed Fee


rollforward payroll by state file 1.2 Fixed Fee


rollforward Inventory by state apportionment file 0.5 Fixed Fee


rollforward PPE by state apportionment file 0.8 Fixed Fee


rollforward Rent by state apportionment file 0.8 Fixed Fee


reviewing federal return provided by John and drafting comments

2.0 Fixed Fee


updated Hexion International apportionment file for 2018

0.4 Fixed Fee




Fee


updated Hexion elims apportionment file for 2018 0.3 Fixed Fee


updated Hexion div elims apportionment file for 2018

0.3 Fixed Fee


updated Hexion Investment apportionment file for 2018

0.4 Fixed Fee


updated Hexion LLC apportionment file for 2018 0.4 Fixed Fee


Updated NBS PPE apportionment file 0.4 Fixed Fee


updated NBS Sales apportionment file for 2018 0.4 Fixed Fee


updated NLCOOP sales apportionment file 0.4 Fixed Fee


Updated NLIC sales apportionment files for 2018 0.4 Fixed Fee


Pulled data from SAP for apportionment files 0.4 Fixed Fee


perform final review of initial federal return draft and send over file with comments to John

3.0 Fixed Fee


Revising the federal tax return for Randy's review comments (e.g., charitable contributions NOL conversion, various presentational items)

4.3 Fixed Fee


review John's responses to federal return review comments, ensure all changes made

3.0 Fixed Fee


Hexion - Status call with T Martus, J OBrien and R Leopold regarding US ITS (OOS) and US Federal return progress. Update on timing, interim deliverables, budget to actual and open item list.

0.6 Fixed Fee


review updated federal workpapers to ensure tie to updated federal return

2.0 Fixed Fee


final updates to the federal tax return for e-file attachments, schedule N items

1.2 Fixed Fee




Fee


review of last few federal workpapers before providing for Doug's review

2.0 Fixed Fee


Hexion Inc. Sales apportionment file - preparation of sales by state analysis, comparing to prior year and validating current year amounts to trial balance

2.3 Fixed Fee


walkthrough PY state apportionment files 2.0 Fixed Fee


review Hexion inventory and payroll apportionment files

2.0 Fixed Fee


reviewing the state apportionment files for inventory, PPE, rent, and payroll

2.6 Fixed Fee


review Hexion PPE and rent apportionment files 3.0 Fixed Fee


reviewing and updating the state apportionment excel files and calculations for all US entities to be imported into the tax software

4.9 Fixed Fee


review other US entities apportionment files 1.0 Fixed Fee


review Hexion sales by state apportionment file 2.0 Fixed Fee


reviewing fuel tax credit data received from the client and the instructions for Form 4136 where the fuel tax credit is claimed

0.3 Fixed Fee

US Domestic Compliance Total

$77,500.00

O'Brien,John M Senior 3-Jun-19 US Domestic Compliance - Out of Scope

Researching and responding to client question regarding 2006 net operating loss and what support we had for it

2.3 $275.00 $632.50

Cushman,Douglas Senior Manager 5-Jun-19 US Domestic Compliance - Out of Scope

NOL Schedule review of PY NOLs. Discussion with P. Walker and J. Robinson regarding prior year history, 382 reclass issue.

0.6 $600.00 $360.00

Cushman,Douglas Senior Manager 5-Jun-19 US Domestic Compliance - Out of Scope

Update call with J Rohde and J. O'Brien regarding 382 schedule and history of NOL reclass.

0.4 $600.00 $240.00




Fee


Update call with J Rohde and D. Cushman regarding 382 schedule and history of NOL reclass.

0.4 $275.00 $110.00

Robinson,Joseph R Partner/Principal 5-Jun-19 US Domestic Compliance - Out of Scope

NOL Schedule review of PY NOLs. Discussion with P. Walker and D. Cushman regarding prior year history, 382 reclass issue.

0.6 $750.00 $450.00

Walker,Paul D. Senior Manager 5-Jun-19 US Domestic Compliance - Out of Scope

NOL Schedule review of PY NOLs. Discussion with J. Robinson and D. Cushman regarding prior year history, 382 reclass issue

0.6 $600.00 $360.00


Out of Scope - preparing directions for Caitlin to prepare Form 8975 in OIT (country by country reporting)

0.3 $275.00 $82.50

Krause,Caitlin Staff/Assistant 25-Jun-19 US Domestic Compliance - Out of Scope

OOS - Filled out Import Templates for 2018 CBC Reporting

2.5 $175.00 $437.50

Krause,Caitlin Staff/Assistant 26-Jun-19 US Domestic Compliance - Out of Scope

OOS - Imported CbC reporting detail into BAM and reviewed reports

3.0 $175.00 $525.00

US Domestic Compliance - Out of Scope Total

$3,197.50

Yin,Yu Senior Manager 10-Apr-19 International Compliance

Hexion budget preparation and review of scheduling resources

0.5 $159.00 $79.50



2.2 $159.00 $349.80



2.3 $159.00 $365.70


Hexion budget discussion with Tyler Martus and discussion on schedule of resources

1.0 $159.00 $159.00


Hexion compliance budget preparation and review of scheduling resources

4.8 $159.00 $763.20


Hexion budget discussion with Tyler Martus and discussion on schedule of resources

2.0 $159.00 $318.00




Fee

Martus,Tyler Raymond

Senior Manager 29-Apr-19 International Compliance

Pre-engagement acceptance for ITS Compliance - Budget and scope discussions

3.9 $159.00 $620.10



Pre-engagement acceptance for ITS Compliance - Scoping Discussions with Doug and Rick

4.1 $159.00 $651.90

Wissinger,Chunlu Manager 29-Apr-19 International Compliance

discuss workplan and resources with Tyler and Yu; draft workplan & vacation schedule; prepare kick-off call agenda; request EYOS and OIT access for team members; update team member's ARMS and requesting resource from Katherine

2.5 $159.00 $397.50

Marrs,Peter Executive Director 30-Apr-19 International Compliance

Call and analysis re 481 adjustments and GILTI 1.0 $159.00 $159.00



Pre-engagement acceptance for ITS Compliance -Resource discussions

2.1 $159.00 $333.90



ITS Compliance drafting process map for ITS Compliance procedures

2.2 $159.00 $349.80


Hexion kick off discussion with Tyler, resources line up, discussion with Lulu for kick off call and process

0.9 $159.00 $143.10

Marrs,Peter Executive Director 1-May-19 International Compliance

Call and analysis re 481 adjustments and GILTI 1.0 $159.00 $159.00

Yin,Yu Senior Manager 1-May-19 International Compliance

EYOS and SOW - saving documentation into EY One Space documentation retention

0.1 $159.00 $15.90

Tandon,Nikita Staff/Assistant 2-May-19 International Compliance

preparing schedule g workpaper for all CFCs 0.5 $159.00 $79.50

Wissinger,Chunlu Manager 2-May-19 International Compliance

get Nikita started on Sch. G workpaper for all CFCs 0.2 $159.00 $31.80


Hexion resource hours discussion with Yu, go over Hexion kick off call agenda, go through org chart to identify filing requirement, OIT Sch G workpapers template pullout

1.8 $159.00 $286.20


Hexion resource hours discussion with Lulu, go over Hexion kick off call agenda, go through org chart to identify filing requirement, OIT Sch G workpapers template pullout

1.8 $159.00 $286.20


Hexion kick off call agenda and Hexion time reclass from BD code

1.0 $159.00 $159.00




Fee

DeCocker,Austin T Staff/Assistant 6-May-19 International Compliance

Updating the E&P workbook (100 file) for 2018, linking in BOY amounts from the PY EOY amounts, looking into fx rate updates in the last tab and making changes there

1.5 $159.00 $238.50


Client sent IS and BS tabs in FC, worked on getting this into a TB that footed to 0, consolidated accounts, had to download a tool for efficiency and then used the tool to create a GLM that can import into OIT

2.5 $159.00 $397.50


update fx rates file and assigned to GDS to upload to OIT

0.2 $159.00 $31.80


Hexion staffing with Katherine, Hexion compliance process and discussion with Tyler

1.4 $159.00 $222.60


Updates to the GLM TB we created post Lulu Review - we were running into issues with tying out and I added back some accounts we had removed (we removed summed accounts, and a few had been removed that were not summed accounts)

1.1 $159.00 $174.90


The fx tab in the E&P workbook require a lot of linking and we had to take the SAP file and create a schedule for their BOY EOY and average fx rates that we could use

3.2 $159.00 $508.80


Call with Lulu on E&P workbook and status/items to update

0.3 $159.00 $47.70


Giving access to Monica for EYOS and then OIT to access the return

0.4 $159.00 $63.60


(I had to drop early) Detail: TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venkatesan; Jibin John; Teena Pappachan; John M O'Brien; Monica Gao; Chunlu Wissinger; Austin DeCocker

0.5 $159.00 $79.50




Fee

Gao,Monica Staff/Assistant 7-May-19 International Compliance


0.7 $159.00 $111.30

Jibin John Staff/Assistant 7-May-19 International Compliance

TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan.

1.0 $159.00 $159.00

O'Brien,John M Senior 7-May-19 International Compliance


0.7 $159.00 $111.30

Parthasarathy Aladu Venkatesan

Senior 7-May-19 International Compliance

TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and work plan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venk

0.7 $159.00 $111.30



Assigned Batches for all the Hexion entities in the ITS tracker with the help of the Org chart.

1.0 $159.00 $159.00

Teena Pappachan Senior 7-May-19 International Compliance

TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venk

0.7 $159.00 $111.30




Fee


TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venkatesan; Jibin, John; Prajwal K; Teena Pappachan; John M O'Brien; Monica Gao; Chunlu Wissinger; Austin DeCocker

0.7 $159.00 $111.30


format PBC FS data to importable TB data for entity 002AU to send to Austin for reference

0.6 $159.00 $95.40


0.7 TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venkatesan; Jibin John; Teena Pappachan; John M O'Brien; Monica Gao; Chunlu Wissinger; Austin DeCocker0.8 resource line up with Katherine, 0.2 status update with Tyler for client meeting update

1.7 $159.00 $270.30

Anusha Vishwanath Staff/Assistant 8-May-19 International Compliance

Hexion TY18 Compliance - Reply to email and requesting access for the code to charge time to prepare tax return compliance

0.4 $159.00 $63.60


Once we had the TB footing to 0, we uploaded the Clean TB to the E&P workpaper and linked in for the rest of the accounts. Had to update all formulas, double check correct totals.

2.0 $159.00 $318.00


TB Meeting with Yu Yin - discuss differences we are seeing and what to do going forward

1.3 $159.00 $206.70


Once I had redone the Trial Balance, Yu Yin and I met and made small changes to get the TB to foot to 0. Completed the TB here.

0.9 $159.00 $143.10


Started with the BS and IS files and made updates directly there by removed total rows, changing the signs for L and E accounts and also the IS accounts, removed Net Income from RE before consolidated the accounts with the tool. Came much closer to

3.0 $159.00 $477.00




Fee

footing to 0.


There were a number of entities designated in USD that needed to be in FC for the TB that we had to identify from PY 5471's and OrgChart, we separated those accounts out from the rest of the TB on a new tab and applied the applicable fx rates to each entity for a FC TB.

1.0 $159.00 $159.00


Hexion GmbH - rolling forward 8865 workbooks. Updating FX rates, and TB (originally with an unclean TB, but switched to updating with clean TB)

4.7 $159.00 $747.30


I had to set up the COA and FX rates in OIT and then had to assign charts to all the binders then import the TB's.

6.0 $159.00 $954.00


Senior Manager 8-May-19 International Compliance

Resolving resource assignments 1.1 $159.00 $174.90



Responding to inquiries from team on OneSource questions related to return prep

0.8 $159.00 $127.20

Pankaj Khandelwal Manager 8-May-19 International Compliance

TY18 compliance kick-off call to discuss team member responsibilities and roles; milestone dates; changes on current year structural and return process; engagement logistics and workplan. Attendees: Yu Yin; Pankaj Khandelwal; Parthasarathy Aladu Venk

0.7 $159.00 $111.30


helped staffs in Exchange rate rollover, chart of accounts rollover, identifying potential EP adjustments, discussion with Partha with regard to batch assignments, sent status email to US team

1.5 $159.00 $238.50


discuss with Austin on E&P WB; TB clean up processes

0.5 $159.00 $79.50


set up Sch. G and Sch. M template using OIT Workpapers function

0.4 $159.00 $63.60




Fee


0.5 work progress update with Lulu and team members, 2.5 with Austin for TB, 0.5 OTI workpaper functionality for Sch G purpose with OIT team

3.5 $159.00 $556.50


Saving workpapers to EYOS 0.1 $159.00 $15.90


Meeting with Yu Yin on Transition tax and Depreciation change to ADS - workpapers involved and what we are going to need to do.

0.7 $159.00 $111.30


Updating ADS workpaper per discussion with Yu. Formatting so we can get two adjustments, one for CY and one cumulative adjustment for if they always used ADS.

0.4 $159.00 $63.60


Rolling forward 8865 workbooks: Entities 100b, 178, 178, 52. Creating new workbooks for the following entities (No TB information available yet): 187, 188, 189, 190

4.8 $159.00 $763.20


Schedule B Part II: Entities 01 & 02. Updated Schedule B Part II Workbook and sent draft 5471 returns to Lulu/Yu Yin for review. 0.3 = Call with Lulu to discuss what was needed for updating Sch. B of form 5471s

1.8 $159.00 $286.20


Setting up Hexion weekly update call for foreign tax compliance- including GDS team and US team.

0.2 $159.00 $31.80


I had to set up the COA and FX rates in OIT and then had to assign charts to all the binders then import the TB's.

11.0 $159.00 $1,749.00

Marrs,Peter Executive Director 9-May-19 International Compliance

Call and analysis re Section 481 adjustment and GILTI

0.5 $159.00 $79.50




Fee



Review of 481a and current year ADS Supporting schedules

2.9 $159.00 $461.10



Call with Doug Cushman (EY), Jennifer Longstreet (EY) to discuss 481a adjustments for ADS depreciation

0.4 $159.00 $63.60



Review of Intercompany Dividend schedule for purposes of OneSource population of returns

2.1 $159.00 $333.90

Powell,Timothy C Senior Manager 9-May-19 International Compliance

481 and GILTI (Global Intangible Low Tax Income) Tax considerations - evaluate accounting method change requirements on the GILTI inclusion for 2018 tax return preparation

1.0 $159.00 $159.00


looked into rollover issue for Book adjustments, tax and reclass adjustments for CY, re imported all the COA, adjustments charts and sourcing charts for CY, assigned COA to binders, updated WB 100 to updated exchange rate in ta 2018 EP adjustments,

7.5 $159.00 $1,192.50


talk to Monica on Sch. B. Part II workpaper and walk her through how to input data in OIT

0.6 $159.00 $95.40


talk to Teena on tasks, status of work assigned and resource change

0.5 $159.00 $79.50


0.3 Hexion resources discussion with Tyler and Lulu, 0.2work stream updates, 1.5 ADS E&P adj. workbook, 1.9 dividend distribution workbook,

3.9 $159.00 $620.10


Entering in all the separate time entries for the week.

0.7 $159.00 $111.30


Working on Sch B Part II updates - had change a couple per discussions with Yu Yin on the Org chart - time spent looking through 5471's for correct addresses.

3.5 $159.00 $556.50


Submitting OIT Access for Sheba to work on return 0.3 $159.00 $47.70


Meeting with Yu Yin - discussed Org Chart and Distribution workpaper

0.5 $159.00 $79.50




Fee


Form 5471 Schedule B Part II - Filling out Hexion Schedule B Part II Worksheet for entities: 1, 2, 3, 7, 10, 11, 13, 20, 21, 24, 25, 26, 35, 60, 80, 83, 93, 100, 105, 109, 111, 112, 113. Working with Austin D. to complete workbook and update OIT entity binders.0.2 = call with Lulu to discuss review notes and questions for 2 draft Schedule B Part II's sent the day before

6.0 $159.00 $954.00


pull SAP data for international tax compliance team including management fees, intercompany sales, NL depreciation analysis, intercompany dividend income & expense, intercompany royalty income & expense

1.3 $159.00 $206.70


discuss review comments on direct owner with Monica

0.3 $159.00 $47.70


0.2 ADS accumulative E&P adj., 0.2 Sch G, workpaper, 0.3 Sch J in OIT, 0.2 Form 965 task, 0.4 Sch B with Austin, 0.5 Distribution sch. with Austin

1.8 $159.00 $286.20


review and update Sch. B, Part II workpaper; provide review comments to staff

1.5 $159.00 $238.50


confirm TB received for all entities; information request for new and final returns; questions on QBUs and potential 8858 filing to John

1.5 $159.00 $238.50


reply to team members' email on workpapers and return questions

0.7 $159.00 $111.30


Call with Lulu - Sch B Part II as well as work flow 0.3 $159.00 $47.70


Sch B Part II - Workpaper - going through and updating for direct shareholders (looking at org chart) if flow through had to find regarded owner too, entering in PY Stock and breaking out with ownership percentage

1.1 $159.00 $174.90


work on look-thru and Sch. M workpaper; assign work to GDS

0.7 $159.00 $111.30


Updates to Dividend workpaper post meeting with Yu Yin.

0.3 $159.00 $47.70




Fee


Meeting with Yu Yin on updated Distribution file and missing currencies and liquidated entities.

0.3 $159.00 $47.70


Updating Distribution wp for fx rates that we will need for conversions (for the input into OIT). Also checking DRE's to see if the distributions/return of equity were in deed regarded or disregarded transactions.

0.9 $159.00 $143.10


Reviewing Lulu's notes in 5471 workbook (Schedule B Part II); making changes in OIT as needed, and updating notes/comments in workbook. Drafting 5471 returns, sent to Lulu, Yu Yin, and Austin D. for initial review along with questions/comments.

5.0 $159.00 $795.00


I HAD TO DO E&P AUTOMATION FOR SEVERAL ADJUSTMENTS AND HAD TO DISCUSS WITH THE SENIOR FOR CLARIFICATION. MY SENIOR and I looked into MTB remapped the accounts for deferred taxes and updated Income tax for other entities and my senior explained me how

6.0 $159.00 $954.00

Powell,Timothy C Senior Manager 13-May-19 International Compliance

call and assistance with CFC method change issue 1.0 $159.00 $159.00


Looked into Mapping for Deferred Income taxes and unrealized gain/loss, remapped the account, pushed Tb to OIT for one entity and did a quick review on mapping, explained staff on E&P adjustment automation and helped when staff had questions on the presentation

1.5 $159.00 $238.50


work on Sch. G questions for all CFCs with Yu; provide engagement status to Tyler

1.2 $159.00 $190.80


call with OneSource on Sch. B, Part II printing, e-file schema, and Form 8990 series data input questions

0.3 $159.00 $47.70


review and update E&P calculation WB 0.9 $159.00 $143.10


0.3 Hexion QBAI file, 0.4 LT div. file, 2 Sch G walk through, 0.2 status update

2.9 $159.00 $461.10




Fee


Meeting with Yu Yin on Dividends - Look Through - walked through a couple distributions and updated M-O, determined proper formulas to pull Fx rates more quickly and then how to input correctly into OIT for return to populate.

1.4 $159.00 $222.60


Dividends tab - look through. Populating columns M-O, then inputting that information into OIT for the return.

3.5 $159.00 $556.50


Updating formulas to get correct signs for WB 100 (compared to PY and had Excel crash during process)

0.6 $159.00 $95.40


0.2 = call with Lulu Wissinger to discuss Section 965 for Hexion entities; 3.8 updating OIT for transition tax workbook information (11/2 and 12/31 E&P, PTI)

4.0 $159.00 $636.00

Koushik V Staff/Assistant 14-May-19 International Compliance

prepared time and expenses for last week and for entire 2019

2.5 $159.00 $397.50


Worked on E&P adjustments automation 1.0 $159.00 $159.00


0.5 Hexion accumulative ADS file for FC amounts, 0.3 create E&P adj. 481a in OIT, 1.5 LT Div. files and entries in OIT with Austin

2.3 $159.00 $365.70


Call with Yu Yin on Dividends wp - one question we had. How we will pull in to the E&P Workbook and link there

0.9 $159.00 $143.10


Updating the 100 W&P Workbook for Dividends and Accumulated ADS - linked tabs and then input the information into each binder in OIT to populate on the return.

2.5 $159.00 $397.50


I had to work on the E&P automation file and had to update the adjustment. I had to discuss with my senior.

2.0 $159.00 $318.00



Discuss with Yu Yin and Lulu the overall status of the engagement and open information requests.

0.9 $159.00 $143.10


Weekly Update Call. Discussion of E&P Automation report; review and planning of Schedules; form 5471 review. Clarifying and

0.3 $159.00 $47.70




Fee

planning assignments for the upcoming week


automated E&P adjustments, reviewed adjustments and fixed the error, listed out all the adjustments which cannot be automated unchecked the automated and computed for entity 50, discussion with Lulu about the adjustments which are new in CY, updated E&P for changes

8.0 $159.00 $1,272.00


discuss E&P automation issues with Teena 0.6 $159.00 $95.40


Hexion Accumulative ADS E&P adj., Div. and ADS E&P adj. in OIT with Austin

2.6 $159.00 $413.40


discussion with Yu and comparing the 5471's from PY to CY and making updates to CY, tracking changes during review.

4.1 $159.00 $651.90


Emails and correspondence about the Kick off call time and members that joined. Confirming everyone input the same time by looking at time and expense update

0.7 $159.00 $111.30


completing the Hexion ETC 0.9 $159.00 $143.10


Updating 100 EP Workbook and inputting Accum. ADS Change into OIT for Stuttgart

0.2 $159.00 $31.80


Discussion with Monica on the 5471 review for the first 4 pages

0.3 $159.00 $47.70


I had to work on the E&P automation file and had to update the adjustment. I had to discuss with my senior.

3.0 $159.00 $477.00



Research on Schedule G questions and how to complete Schedule J in the system

0.6 $159.00 $95.40


Worked on intercompany analysis and mismatch analysis of interest income and expense.

4.0 $159.00 $636.00


Meeting Description: Weekly Update Call. Discussion of E&P Automation report; review and planning of Schedules; form 5471 review.

0.3 $159.00 $47.70




Fee

Clarifying and planning assignments for the upcoming week. Attendants: Jibin John, Teena Pappachan, Monica Gao, Chunlu


E&P adjustment discussion with Yu 0.3 $159.00 $47.70


Weekly Update Call. Discussion of E&P Automation report; review and planning of Schedules; form 5471 review. Clarifying and planning assignments for the upcoming week Attendants: Jibin John, Teena Pappachan, Monica Gao, Chunlu Wissinger, Yu Yin, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan

0.3 $159.00 $47.70


Attendants: Jibin John, Teena Pappachan, Monica Gao, Chunlu Wissinger, Yu Yin, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan Meeting Description: Weekly Update Call. Discussion of E&P Automation report; review and planning of Schedules; form 5471 review. Clarifying and planning assignments for the upcoming week

0.3 $159.00 $47.70


0.8 Hexion ADS E&P with Austin, 1.2 walk through basic review of Form 5471, including page 1, 2 and Sch C and F, 0.8 ETC with Austin

2.8 $159.00 $445.20


Discussions on previous TAS computes in OIT and OIT errors

0.2 $159.00 $31.80


preparing workpapers and internal correspondence 4.0 $159.00 $636.00



Review of ADS workpapers for implementation and follow up with Jeff on open ADS requests

1.1 $159.00 $174.90


Helped staff in analyzing Dormant entities and preparation of Dormant entities, updated mapping as per Lulu's comment, looked into automation adjustments, fixed TRC and TCC as per Lulu's comment, discussion with lulu on few questions

2.0 $159.00 $318.00


answer Teena's questions on E&P automation and Sch. C fx gain / loss re-mapping

0.5 $159.00 $79.50




Fee


Sch. C line 8a and 8b re-mapping discussion with Yu

0.3 $159.00 $47.70


phone OIT on TAS compute errors within Onesource Income Tax software

0.2 $159.00 $31.80


0.6 Hexion automation with Lulu, 0.5 foreign currency gain/loss mapping issues

1.1 $159.00 $174.90


re updated mapping for unrealized gain loss, imported zero Tb due to mapping change the amounts on tas was still flowing in the previous mapping, mapped the accounts to old EY standard account imported zero tb, remapped accounts to new EY standard

6.0 $159.00 $954.00


Reviewing 5471 first 4 pages, creating notes on what didn't roll over and fixing items that didn't roll over correctly (country names didn't populate on all, and checking box 1 on pg 1 for all). Consolidating schedule with Monica (did approx. half the entities each) and sending to Yu with our findings.

2.9 $159.00 $461.10


Reviewing 5471s for entities 183-113 - checking box 1 on pg 1, reviewing Sch. B part I & II, reviewing IS and BS, and rollforward of Sch. F. Sent Austin D. my 1/2 of 5471 review workbook.

5.0 $159.00 $795.00


prepared time and expenses summary required for fee application process

1.5 $159.00 $238.50


preparing the new entity & qualified business unit financial info and qualitative information sheet out for the international compliance team

2.3 $159.00 $365.70




Fee

Sheba Thanveer Senior 20-May-19 International Compliance

Project learning from Teena to kickoff Hexion international tax compliance including preparation of 5471 and 8858 Forms

2.0 $159.00 $318.00


Working on Tax Adjustments and E&P of OTI Entity Code 87

2.0 $159.00 $318.00


Worked on Tax Adjustments and E&P of OTI Entity Code 7

5.0 $159.00 $795.00


explained to Sheba Hexion Process, taught her the workpapers to be referred to, explained her posting EP adjustments, looked into entity 7 div for and fixed EP adjustments, helped Sheba in fixing EP adjustments as she is new, and it took time to explain to her.

3.0 $159.00 $477.00


check in with Teena on E&P automation status; review PBC data provided by John and assign tasks to team

0.6 $159.00 $95.40


I had to update e&p for 7 entities and had to discuss with senior about the adjustments. Also, I had to explain and help a senior with the e&p adjustments.

7.0 $159.00 $1,113.00


Call with the client to discuss new entity information requests for the international tax forms (5471, 8858). Participants were J. O’Brien (EY), Y. Yin (EY), J. Rohde (Hexion), K. Keween (Hexion), J. Stewart (Hexion).

0.5 $159.00 $79.50



2.0 $159.00 $318.00


Working on Tax Adjustments and E&P of OTI Entity Code 163DIV

2.0 $159.00 $318.00


0.4 review info request file, 0.5 Call with the client to discuss new entity information requests for the international tax forms (5471, 8858). Participants were J. O’Brien (EY), Y. Yin (EY), J. Rohde (Hexion), K. Keween (Hexion), J. Stewart (Hexion).

0.9 $159.00 $143.10


5471 review pages 1-4Can Compute to get IS and BS to populate in OIT, did that to start reviewing

0.5 $159.00 $79.50




Fee

entities that were missing these.


Discussion with Yu on the 5471 review and the ETC

0.7 $159.00 $111.30


ETC for Hexion - estimate to complete for Hexion international tax compliance project. Update resources and schedules according to work plan progress

1.0 $159.00 $159.00


Discussion with Monica on 5471 review for those that were missing IS and BS so she could help review those as well.

0.2 $159.00 $31.80


Reviewing form 5471 TY18, performing Compute for entities without I/S and BS.

2.0 $159.00 $318.00


I had to update e&p for 7 entities and had to discuss with senior about the adjustments. Also, I had to explain and help a senior with the e&p adjustments.

4.0 $159.00 $636.00


Worked on Tax Adjustments and E&P of OTI Entity Code 163 DIV

2.0 $159.00 $318.00


Worked on Tax Adjustments and E&P of HQSA 2.0 $159.00 $318.00



2.0 $159.00 $318.00



2.0 $159.00 $318.00


0.5 ETC with Austin, 0.5 review questions for page 1, 2, sch C and F with Austin, 0.1 assign work stream

1.1 $159.00 $174.90


ETC for Hexion - estimate to complete for Hexion international tax compliance project. Update resources and schedules according to work plan progress

0.2 $159.00 $31.80


Attendants: Monica Gao, Austin Decocker, Yu Yin, Teena Pappachan, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Jibin John Description: Weekly Compliance call for May 23rd. Discussion of Schedule M, updates, E&P

0.5 $159.00 $79.50




Fee

Adjustments, and reviewing Sch. C and F.


5471 Page 1-4 review after running computes 3.0 $159.00 $477.00


Time: 0.5 Attendants: Monica Gao, Austin Decocker, Yu Yin, Teena Pappachan, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Jibin John Description: Weekly Compliance call for May 23rd. Discussion of Schedule M, updates, E&P Adjustments, and reviewing Sch. C and F.

0.5 $159.00 $79.50


Compiling weekly compliance call notes, sending email to all on the call with timesheet description info

0.1 $159.00 $15.90


Reviewing form 5471 TY18, performing Compute for entities without I/S and BS.

0.5 $159.00 $79.50


I worked on 4 entity e&p adjustments and had a call then I had to discuss with the senior regarding the e&p adjustments. I also had to attend a call which was with the US team.

6.5 $159.00 $1,033.50



1.0 $159.00 $159.00


Weekly Update Call. Discussion of E&P Automation report; form 5471 review. Clarifying and planning assignments for the upcoming week

0.5 $159.00 $79.50



Reviewed 8 entities for EP adjustment in OIT from the TB file

1.0 $159.00 $159.00




Fee



Attendants: Monica Gao, Austin Decocker, Yu Yin, Teena Pappachan, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Jibin John. Description: Weekly Compliance call for May 23rd. Discussion of Schedule M, updates, E&P Adjustments, and reviewing Sch.

0.5 $159.00 $79.50



2.0 $159.00 $318.00



2.0 $159.00 $318.00


created binder for 2 entities in the CY, there was an issue with assigning ownership as the box included international compute was not checked at the parent binder so assigning ownership took time to figure out why parent binder is not appearing in

4.0 $159.00 $636.00


Attendants: Monica Gao, Austin Decocker, Yu Yin, Teena Pappachan, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Jibin John. Weekly Compliance call for May 23rd. Discussion of Schedule M, updates, E&P Adjustments

0.5 $159.00 $79.50


0.5 ITS update call. Attendants: Monica Gao, Austin Decocker, Yu Yin, Teena Pappachan, Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Jibin John Description: Weekly Compliance call for May 23rd. Discussion of Schedule M, updates, E&P Adjustments, and reviewing Sch. C and F. 0.2 team emails for questions from GDS

0.7 $159.00 $111.30


I had to update e&p adjustments for two entities and I also had to help my senior by making her understand how the adjustments are posted in OIT tas. and how to check the wtb.

3.0 $159.00 $477.00


Looked into the Sch M information and working on creating the template for Sch M import

2.0 $159.00 $318.00


Working on Tax Adjustments and E&P of OTI 2.0 $159.00 $318.00

Sheba Thanveer Senior 24-May-19 International Working on Tax Adjustments and E&P of OTI 2.0 $159.00 $318.00




Fee

Compliance Entity Code 84 Jibin John Staff/Assistant 26-May-19 International

Compliance I had to update e&p adjustments for 4 entities then compare with the wtb. OIT was very slow and had issues in saving the adjustments.

3.5 $159.00 $556.50


Looked into new QBU entities to be created, sent an email with questions with regard to COY10 Hexion Quimica S.A to lulu, looked into questions with regard to entity 002 and drafted response back, looked into Intl compute error, looked into issues

2.5 $159.00 $397.50



1.5 $159.00 $238.50



1.0 $159.00 $159.00


Working on Income Sourcing of OTI Entity Code's 848687163div116118121122124131133

4.0 $159.00 $636.00


Training on Income sourcing by Teena 1.0 $159.00 $159.00


Worked on Income sourcing of OTI Code's 1 7DIV 146 149 and 154

2.0 $159.00 $318.00



3.0 $159.00 $477.00


Worked on Tax Adjustments and E&P of OTI Entity Code's 84 and 86

1.0 $159.00 $159.00


Helped staff to update Income sourcing, and other issues, looked into entities with taxes discussion with Pankaj on open items and questions

2.0 $159.00 $318.00

Barnes,Andrew M Senior Manager 28-May-19 International Compliance

Subpart F: review any updates to be needed to sub F calcs compared to provision file

0.5 $159.00 $79.50

Gao,Monica Staff/Assistant 28-May-19 International Reviewing 5471 review worksheet. 1.5 $159.00 $238.50




Fee

Compliance Jibin John Staff/Assistant 28-May-19 International

Compliance I had to update 6 entities e&p adjustments and had to check and update the income sourcing in OIT. OIT was very slow.

5.0 $159.00 $795.00


Completed E&P adjustments and Income Sourcing of 116118121122124131133146149154848687163div

9.0 $159.00 $1,431.00


co-ordination with the team, looked into E&P adjustments issues, Income sourcing questions and updated workbook for E&P adjustments updates after analyzing the adjustment #

2.0 $159.00 $318.00


0.3 call with Tyler Martus for Hexion status update, 0.9 status update emails and questions from GDS team, 0.3 SubF workbook discussion with Andy

1.5 $159.00 $238.50


Call with Yu Yin to discuss consolidated 5471s. Reviewing consolidated 5471s

1.8 $159.00 $286.20



Reviewed EP adjustments, sourcing and Current tax paid screen for 15 entities

3.0 $159.00 $477.00


Discussion with partha and Pankaj on task to assigned and prioritized, walk through to partha with regard to federal taxes to be updated for entities other than NL entities, assigned work to Paratha, Sheba and Jibin

1.5 $159.00 $238.50


0.5 work with Monica for review of consolidated entities, 0.3 emails from team for status update and questions

0.8 $159.00 $127.20


Call with Teena P. to discuss E&P Adjustments; making E&P adjustments in OS

0.9 $159.00 $143.10


Attendees: Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Teena Pappachan, Jibin John, Monica Gao Time: 0.3 Description: Weekly compliance call. Due to OneSource issues, Teena and team have had issues with progress - 24 E&P Adjustments left to be posted. Monica working through review of consolidated 5471s.

0.3 $159.00 $47.70




Fee


Time spent taking attendance at weekly compliance call and sending email regarding timesheet description

0.1 $159.00 $15.90


Weekly compliance call. Due to OneSource issues, Teena and team have had issues with progress - 24 E&P Adjustments left to be posted. Monica working through review of consolidated 5471s.

0.3 $159.00 $47.70


Weekly compliance call. Due to OneSource issues, Teena and team have had issues with progress - 24 E&P Adjustments left to be posted. Monica working through review of consolidated 5471s.

0.3 $159.00 $47.70



Attendees: Pankaj Khandelwal, Parthasarathy Aladu Venkatesan, Teena Pappachan, Jibin John, Monica Gao. Description: Weekly compliance call. Due to OneSource issues, Teena and team have had issues with progress - 24 E&P Adjustments left to be posted.

0.3 $159.00 $47.70


co-ordination with the team, trained Monica on process to post E&P adjustments

0.6 $159.00 $95.40


Description: Weekly compliance call. Due to OneSource issues, Teena and team have had issues with progress - 24 E&P Adjustments left to be posted. Monica working through review of consolidated 5471s. Pankaj Khandelwal, Parthasarathy Aladu Venkat

0.3 $159.00 $47.70


status update emails with GDS team members, Teena and Pankaj

0.6 $159.00 $95.40


Reviewing consolidated 5471s 1.5 $159.00 $238.50


I had to update e&p adjustment for 9 entities and update the income sourcing, then current year taxes paid i.e., schedule for all these entities. Also, I had to discuss with the senior regarding few errors which I got while updating. Also, I had to make corresponding updates within Onesource Income Tax

7.5 $159.00 $1,192.50

Pankaj Khandelwal Manager 31-May-19 International Discussion with Yu, on the Other comprehensive 0.5 $159.00 $79.50




Fee

Compliance section presentation of Sch C of form 5471 Pankaj Khandelwal Manager 31-May-19 International

Compliance Working on the Automation of the Sch M, which will be used to import the Sch M of the all the entities

9.0 $159.00 $1,431.00



Reviewed EP adjustments, sourcing and Current tax paid screen for 15 entities

5.5 $159.00 $874.50


Worked on E&P adjustments and Income sourcing of OTI 186185105DIV110b155c179-121DIV83DIV85bNL COOP190191

10.0 $159.00 $1,590.00


looked into issues Entity no. 175- current year taxes is not getting saved after it was updated- looked into this issue, Entity no.164- E&P adjustment TH60 wrong amount is flowing in TAS, updated this adjustment, Entity no. 52- E&P adjustment INTL

5.0 $159.00 $795.00


Reviewed entity 157 and 158 to answer Monica's questions, fixed E&P adjustments, fixed Income sourcing for these entities, helped partha with questions, discussion with partha on entities 20, 105div, looked into issues and fixed the same, helped staff

2.0 $159.00 $318.00


discussion with one of the OS champs with regard to creation of branch binder for entity 10, created elim, DC binder and branch binder, changed the entity type of 5471 to division, removed the binder from 3 top con binders, changed the entity type

0.5 $159.00 $79.50


0.3 Hexion OCI on schedule C discussion with Pankaj, 0.3 resource utilization issues, 0.1 E&P and sourcing status update, 0.4 QBU filing discussion with Teena

1.1 $159.00 $174.90

Teena Pappachan Senior 1-Jun-19 International Compliance

discussion with Partha on task, re imported International summary accounts for sourcing issues

0.5 $159.00 $79.50

Akshay Padmanabhan

Senior 2-Jun-19 International Compliance

HEXION - IC Matching Tool - Helped the Manager in updating the input tabs in the IC Matching Tool and further verified each of these transactions in the IC Matching tab and also verified if the amounts flow in the Form 5471, Schedule M export.

1.5 $159.00 $238.50




Fee

Jibin John Staff/Assistant 3-Jun-19 International Compliance

walk through of ownership assignment in top con. Then we were facing some error with the Topcon compute, so I had to call OneSource expert for solving this issue. I ALSO HAD TO UPDATE E&P FOR 6 ENTITIES IN OIT. I HAD TO PREPARE 3 RETURNS WHERE I HAD CHANGES TO E&P.

3.0 $159.00 $477.00

Pankaj Khandelwal Manager 3-Jun-19 International Compliance

Worked on Sch M template, formatting data and made it automated

10.0 $159.00 $1,590.00



Checked the EP adjustment for 15 entities 4.5 $159.00 $715.50

Sheba Thanveer Senior 3-Jun-19 International Compliance

Worked on OTI 25, 26, 47, 50 and 53 for comparisons of general entry, Sch B, Sch C, Sch E, Sch F, Sch G, Sch H, Sch I and Sch J and Tax Adjustments

5.0 $159.00 $795.00


co-ordination with the team, assigned tasks to everyone, walk through of return preparation to Sheba, looked into tasks received so far and sent an email to receive clarification on the same to lulu

2.0 $159.00 $318.00


created DC, ELIM and changed the entity type for 5471 as division for entity 24, removed 24 from top con and add members to DC binder, created QBU binder for Hexion Singapore pte ltd, looked into ownership assigned in top con and fixed the same

1.0 $159.00 $159.00


walk through of ownership assignment in top consolidated return within onesource income tax. Then we were facing some error with the Topcon (top consolidated return entity, Hexion LLC) compute so I had to call OneSource expert for solving this issue. I ALSO HAD TO UPDATE E&P FOR 6 ENTITIES IN OIT. I HAD TO PREPARE 3 RETURNS WHERE I HAD CHANGES TO E&P.

4.0 $159.00 $636.00




Fee

Koushik V Staff/Assistant 4-Jun-19 International Compliance

US ITS - prepared time sheet summary for last week for fee application process

1.5 $159.00 $238.50


call with OS help desk to resolve Sub error issues, co-ordination with the staff

0.5 $159.00 $79.50

Gao,Monica Staff/Assistant 5-Jun-19 International Compliance

Reviewing 5471s per Lulu's review comments and making changes as needed. Also, error checking 5471s

3.5 $159.00 $556.50


Senior Manager 5-Jun-19 International Compliance

Review of status of forms. 1.9 $159.00 $302.10


looked into Sub F error, fixed entity 149 and 154 to update dates, gave an international compute and tried fixing the error

1.0 $159.00 $159.00

DeCocker,Austin T Staff/Assistant 6-Jun-19 International Compliance

Working on Getting ETC completed/information needed

0.5 $159.00 $79.50


5471 - Sch. M hardcoding 's. 0.5 = call with Jibin John to discuss Sch. M hardcoding

4.5 $159.00 $715.50


Attendees: Pankaj Khandelwal, Jibin John, Teena Pappachan, Monica Gao, Yu Yin, Parthasarathy Aladu Venkatesan Description: Teena to send Yu a GDS workstream update. Updating look-throughs, updating Sch. M's, and then work on entities. E&P is completed, Yu received ADS adjustments last week, add to E&P. 6 entities will have Subpart F this year - will send to GDS. Pankaj to prepare list of 10/50 entities for John to confirm if they’re Category 1 filers.

0.5 $159.00 $79.50


Sch. M hardcoding in OIT for form 8858 0.3 $159.00 $47.70




Fee


walk through of ownership assignment in tiop con. Then we were facing some error with the Topcon compute so I had to call OneSource expert for solving this issue. I also had to update e&p for 6 entities in OIT. I had to prepare 3 returns.

6.5 $159.00 $1,033.50



Attendees: Pankaj Khandelwal, Jibin John, Teena Pappachan, Monica Gao, Yu Yin, Parthasarathy Aladu Venkatesan. Description: Teena to send Yu a GDS work stream update. Updating look-through, updating Sch. M's, and then work on entities. E&P is complete.

0.5 $159.00 $79.50


helped staff in return preparation process, schedule M and LT update, sent a details email looking to tasks completed and pending so far to YU.

1.0 $159.00 $159.00


Attendees: Pankaj Khandelwal, Jibin John, Teena Pappachan, Monica Gao, Yu Yin, Parthasarathy Aladu Venkatesan Description: Teena to send Yu a GDS workstream update. Updating look-throughs, updating Sch. M's, and then work on entities. E&P is complete.

0.5 $159.00 $79.50

Yin,Yu Senior Manager 6-Jun-19 International Compliance

Pankaj Khandelwal, Jibin John, Teena Pappachan, Monica Gao, Yu Yin, Parthasarathy Aladu Venkatesan Description: Teena to send Yu a GDS workstream update. Updating look-throughs, updating Sch. M's, and then work on entities. E&P is completed, Yu received ADS adjustments last week, add to E&P. 6 entities will have Subpart F this year - will send to GDS. Pankaj to prepare list of 10/50 entities for John to confirm if they’re Category 1 filers.

0.5 $159.00 $79.50


Discussion with Pankaj on how to do the Look-Thru in OIT and walking through a few of the entities, identifying issues. Then I worked confirming some of the look-throughs.

1.5 $159.00 $238.50


Follow ups on ETC - time summary sheets 0.2 $159.00 $31.80

Gao,Monica Staff/Assistant 7-Jun-19 International Error checking 5471s 1.0 $159.00 $159.00




Fee

Compliance Jibin John Staff/Assistant 7-Jun-19 International

Compliance walk through of ownership assignment in top con (top consolidated return, Hexion LLC). Then we were facing some error with the Topcon compute, so I had to call OneSource expert for solving this issue. I ALSO HAD TO UPDATE E&P FOR 6 ENTITIES IN OIT. I HAD TO PREPARE 3 RETURNS WHERE I HAD CHANGES TO E&P

2.0 $159.00 $318.00


US ITS - prepared time and expenses summary for 2019

1.5 $159.00 $238.50


mapped 92 new accounts looking into description, import chart of accounts and mapping in OS

1.0 $159.00 $159.00


5471 review (Lulu's review notes); clearing error diagnostics, and call with Teena to discuss error diagnostics

1.8 $159.00 $286.20


I HAD TO PREPARE 5 RETURNS WHERE I HAD TO DISCUSS WITH THE SENIOR AND HAD TO MAKE SOME CHANGES IN THE RETURNS AS WELL.

7.5 $159.00 $1,192.50


US ITS - prepared time sheet summary for last week and for current week date for fee application process

2.0 $159.00 $318.00


Looked into the look through Issue for CFC look-thru rules in the application of Section 954 c6 guidance

2.0 $159.00 $318.00


worked on income sourcing, EP adjustments and review of schedules for below OTI Code entities

9.0 $159.00 $1,431.00


co-ordination with the team, assigned work to staffs, helped staffs and seniors with questions and issues, helped Monica in clearing-file errors,

2.0 $159.00 $318.00




Fee

discussion with lulu on questions

Akshay Padmanabhan


HEXION - International - Helped the Senior to read through the reports with respect to Schedule H presentation on the form by basket and to reconcile the same with the international reports.

0.8 $159.00 $127.20


I HAD PREPARED 1 RETURN AND HAD A CALL WITH THE SENIOR AND HAD TO MAKE CHANGES IN FEW RETURNS ACOORDING TO HIS COMMENTS.

2.5 $159.00 $397.50


looked into the ADS file and walked through the team on the process

2.0 $159.00 $318.00


worked on income sourcing, EP adjustments and review of schedules for below OTI Code entities 84 116 118 121 124 131 146 154 186 185868785b

5.0 $159.00 $795.00


co-ordination with the team, discussion with senior and Pankaj on questions, sch M template and common review checks, helped staff with issues, assigned tasks, reviewed form 5471 for entity 116 looked into reports to review sch H by baskets

7.0 $159.00 $1,113.00

Akshay Padmanabhan


HEXION - International - Helped the Senior to read through the reports with respect to Schedule H presentation on the form by basket and to reconcile the same with the international reports.

0.7 $159.00 $111.30


Look Thru in OIT - review onesource income tax calculation of CFC look-through rules in the application of Section 954 c6

0.5 $159.00 $79.50


Call with Teena to discuss review of 5471 returns (and 8858s); reviewing forms, TopCon compute, etc.

4.0 $159.00 $636.00


Worked on The Sch M analysis for Loans and Accounts payable

5.0 $159.00 $795.00


Working with Teena on Sch M and J 2.0 $159.00 $318.00



6.0 $159.00 $954.00




Fee


walk through Sheba on changes and common check points to be taken care of, explained Monica the return prep process, took 2entities as an example, shower how to fix EP error, sub error, check points to be noted before giving Intl compute, check poi

3.5 $159.00 $556.50


I PREPARED 3 RETURNS WHERE I HAD TO UPDATE THE GENERAL INFO, SCH B, SCH C, F M AND THE WORK ON RECLASSES. I HAD TO REFER TRACKERAND PRIOR YEAR RETURN TO UPDATE THE SAME. AND, ALSO, I HAD TO HELP A STAFF WITH TOPCON E&P, SUB F ERRORS FOR 5 ENTITIES

5.0 $159.00 $795.00


Call with Lulu, on the process for Sch M, ADS adjustment and Look through's

1.0 $159.00 $159.00


Weekly Hexion compliance call. Discussion of dormant returns; schedules M & J; PTI US$ error/manual adjustments; return preparation status; GILTI

0.4 $159.00 $63.60



Reviewed 4 (OIT code - 47,48,53 and 160) 8858's and 1 5471(OIT code 183)

5.0 $159.00 $795.00



4.0 $159.00 $636.00


Helped Partha and staffs, looked into status tracker, cleaned up tracker, updated status till date, saved open items list, discussion with Pankaj or E&P adjustment update

2.0 $159.00 $318.00


Attendants: Pankaj Khandelwal, Teena Pappachan, Chunlu Wissinger, Monica Gao, Jibin John Weekly Hexion compliance call. Discussion of dormant returns; schedules M & J; PTI US$ error/manual adjustments; return preparation status; GILTI.

0.4 $159.00 $63.60

Wissinger,Chunlu Manager 13-Jun-19 International Compliance

Attendants: Pankaj Khandelwal, Teena Pappachan, Chunlu Wissinger, Monica Gao, Jibin John; Weekly Hexion compliance call. Discussion of dormant returns; schedules M & J; PTI US$

0.4 $159.00 $63.60




Fee

error/manual adjustments; return preparation status; GILTI.


discuss Sch. M workpaper/PBC with Pankaj; review form 5471

1.7 $159.00 $270.30


5471 review instructions call with Lulu and Monica 0.9 $159.00 $143.10


Meeting with Lulu and Austin D. - 5471 review and preparation in OIT

1.0 $159.00 $159.00


I had to make a return also I had to make few changes in few returns. had a discussion with the senior related to taxes paid details.

2.0 $159.00 $318.00


Worked on interest income from hybrid loans and ADS Current E&P Adjustment and WTB balance of below OTI entities 164 13 10010 101 160 110b 155c 154 111 172 156 112 161 116 140 93 109 11 24 25 47 175 113

7.0 $159.00 $1,113.00


worked on income sourcing, EP adjustments and review of schedules for below OTI Code entities 868785b

3.0 $159.00 $477.00


Updated workbook for ADS depreciation adjustment and Interest income adjustment, explained staffs to post E&P adjustments for ADS depreciation, reviewed form 8858's , updated org chart and other changes and printed forms from OS and saved in EYOS

8.5 $159.00 $1,351.50


review Form 8858s 2.0 $159.00 $318.00


Form 5471 review comments walk through with Austin and Monica

1.0 $159.00 $159.00


Help Teena with TB questions; tasks assignment; help Teena with questions on return preparation

0.6 $159.00 $95.40


I HAD TO DPDATE CHANGES FOR TWO RETURNS AND HAD TO PREPARE 1 RETURN ALSO.

1.5 $159.00 $238.50




Fee


Imported TB for NLIC, NLCP and 10B, updated workbook by adding TB's for MYF, AUF and DEF, coded IS line items and updated Readjustments tab, looked into review changes given by lulu for entity 84 and 124, updated changes incorporated similar change.

10.0 $159.00 $1,590.00


Requesting ETC to prepare budget to actual analysis and update resource scheduling

0.1 $159.00 $15.90


Call with Pankaj on Look-thru 0.3 $159.00 $47.70


Call with Lulu on to-do's 0.2 $159.00 $31.80


reading through emails, laying out schedule for to-do's for Hexion

0.2 $159.00 $31.80


updating Look-Thru in OIT 3.0 $159.00 $477.00


Reviewing forms 8858 (assigned in Tracker workbook); 0.3 = call with Lulu to discuss review and preparation process

6.0 $159.00 $954.00


I HAD TO MAKES CHANGES IN FEW RETURNS AND HAD TO DISCUSS WITH THE SENIORS ABOUT THE CHANGES FROM US TEAM. THERE WAS CONFUSION WITH THE FILE WE REFERRED, AND THEY HAD SENT SO WE CLARIFIED THAT AND THEN I UPDATED.

5.0 $159.00 $795.00


US ITS - prepared time and expenses summary for fee application process

2.0 $159.00 $318.00




Fee



Review of status of project and responding to team with next steps

0.6 $159.00 $95.40


Worked on Sch M loan analysis, eliminations and Look throughs for consolidation entities by creating the elimination workpaper

10.0 $159.00 $1,590.00



Reviewed 7 8858's and 3 US review comments entities

4.5 $159.00 $715.50


Worked on OTI's 10, 85b, 87, 86, 186 and 124DIV with Teena and Partha

9.0 $159.00 $1,431.00


co-ordination with the team, looked into review changes and assigned work to staff, updated WB100 for business gain/loss adjustments as instructed by Lulu, looked into Sub error for entity 121

1.0 $159.00 $159.00


updated WB 100 for OCI pension, and Pension liability adjustment, looked into sch M template discussion with Pankaj on how to fix the template to eliminate the transaction between DRE and parent, discussion with lulu on Sch J PTI and E&P

2.5 $159.00 $397.50


discuss LT WB with Pankaj; help Teena and Monica with questions on return preparation; review and update Form 8858s

7.0 $159.00 $1,113.00


Hexion E&P adj. for assets gain/loss, team status catch-up and emails

0.8 $159.00 $127.20

Anusha Vishwanath Staff/Assistant 18-Jun-19 International Compliance

Hexion - Reclass of time related to preparation of Hexion Form 5471 and 8858 forms for 2018 tax return compliance

0.1 $159.00 $15.90

Barnes,Andrew M Senior Manager 18-Jun-19 International Compliance

Review E&P summary and draft Form 965; review of Taxes E&P adjustments on Form 8858s

0.5 $159.00 $79.50


5471 prep and review for entities 111,112,113,115. Discussions with Lulu and Monica about it.

3.6 $159.00 $572.40


Reviewing 8858's, sent to Lulu for review. Reviewing 5471s, sent to Lulu for review. Call with OIT to discuss Topcon compute error

8.0 $159.00 $1,272.00




Fee


worked on OTI's 10, 85b, 87, 86, 186 and 124DIV with Teena and Partha (Hexion Quimica S.A., Hexion BV, Hexion Singapore, Hexion Stanlow, Hexion UK Holding, Hexion Nova Scotia)

9.0 $159.00 $1,431.00


co-ordination with the team, helped Sheba in fixing 10B quick SA- last year this entity was filed combining the branch TB, this year since we have a separate filing requirement for branch we created a division binder, since we didn't have PY division.

1.5 $159.00 $238.50


looked into issues for 10b, tried fixing the Book Income difference checked with OS champions around but, called up OS to fix the same. updated changes for 163 div and saved file in EYOS, looked into NLIC and NCLP taxable Income workbook and discussion.

2.5 $159.00 $397.50


review Form 8858s; help Teena with questions on return preparation; discuss Sch. M WB questions with Pankaj; help Monica with questions on OIT

4.0 $159.00 $636.00


0.3 Hexion team status emails, 0.2 ADS for new rules, 0.7 schedule E foreign taxable income determination

1.2 $159.00 $190.80


5471 prep and review for entities 111,112,113,115. Discussions with Lulu and Monica about it.

7.0 $159.00 $1,113.00


5471 Review and preparation in OIT. Call with Austin D. to discuss TAS adjustments and income sourcing.

8.0 $159.00 $1,272.00


I HAD TO PREPARE TWO RETURNS AND MAKE SOME CHANGES IN OTHER 2 RETURNS.

3.0 $159.00 $477.00



Review of status of project and responding to team with next steps

0.4 $159.00 $63.60

O'Brien,John M Senior 19-Jun-19 International Compliance

organizing data and correspondence with the client for international compliance requests (i.e. ADS depr Cost and A/D, BLS liquidation info, branch entity TBs)

2.5 $159.00 $397.50

Pankaj Khandelwal Manager 19-Jun-19 International Fixed Sch M workpaper 1.0 $159.00 $159.00




Fee

Compliance Parthasarathy Aladu Venkatesan


Reviewed 7 8858's and 3 US review comments entities

3.5 $159.00 $556.50


worked on OTI's 50, 1752122 (Hexion Quimica do Brasil Ltda)

9.0 $159.00 $1,431.00


looked into NLCP and NLIC workbooks guided staffs on preparation of return using the Import template given, and assigned tasks to staff and seniors, reviewed 8858 for Br150, updated changes for the same, looked into issues for 10B and fixed the same

6.0 $159.00 $954.00


review and update Form 8858s; help Austin with issues and errors in OIT; help Monica with return preparation questions; discuss Sch. M intra-company elimination with Pankaj

5.5 $159.00 $874.50


ADS quarterly balance question from Lulu 0.1 $159.00 $15.90



0.5 $159.00 $79.50


5471 review and prep - sending email to Lulu with updated tracker and adding files to EYOS.

0.4 $159.00 $63.60


Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin Decocker; Monica Gao Description: Weekly Hexion update call. Discussion regarding look-through errors; XML drafts needed by Friday; SubF errors; 5471 income sourcing.

0.3 $159.00 $47.70


5471 Review and preparation in OIT 3.7 $159.00 $588.30



0.3 $159.00 $47.70




Fee


I WAS WORKING ON UPDATING SOURCING AND CURREENT YEAR TAXES SCREEN FOR 34 ENTITIES AND I HAD UPDATED SCH M FOR SOME ENTITIES.

8.0 $159.00 $1,272.00


US ITS - prepared time and expenses summary 2.0 $159.00 $318.00



Weekly status call with Doug Cushman, John M O'Brien and Tyler Martus. Tyler dropped early from the call

0.3 $159.00 $47.70



Review of NLR 8858 0.9 $159.00 $143.10



Review of NLLP 8858 0.9 $159.00 $143.10



Review of Japanese Branch 8858 0.9 $159.00 $143.10



Review of BLS 8858 1.2 $159.00 $190.80



Review of UKS 8858 1.1 $159.00 $174.90



Review of NLV 8858 1.2 $159.00 $190.80



Review of NLLM 8858 0.9 $159.00 $143.10



Review of SG 8858 0.9 $159.00 $143.10



Review of BCRP 8858 1.1 $159.00 $174.90



Review of BIH 8858 0.9 $159.00 $143.10



Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin Decocker; Monica Gao

0.3 $159.00 $47.70


Worked on OTI 50 84 86 87 124 186 85b 116 118 131 13 60 80 100 and 146

9.0 $159.00 $1,431.00




Fee


Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin Decocker; Monica Gao Description: Weekly Hexion update call. Discussion regarding look-through errors; XML drafts needed by Friday; Sub F errors

0.3 $159.00 $47.70


looked into emails sent by Lulu for Sch M updates, Sch J updates and income sourcing, assigned staffs task to get Income sourcing and Sch E taxes paid screen using provisions file, Compared all Sch M with versions saved in return and updated template

3.0 $159.00 $477.00


help team with questions on international compute errors; new entity binder set up; clear errors

1.7 $159.00 $270.30



0.3 $159.00 $47.70


Hexion team update email and dividend LT file confirmation

0.2 $159.00 $31.80



0.3 $159.00 $47.70


Updating LT in TAS 0.2 $159.00 $31.80


Discussions with both Lulu and Teena on E&P adjustments, clearing errors and tieing adjustments to our workpapers.

1.5 $159.00 $238.50


EYOS - adding workpapers 0.1 $159.00 $15.90

Jeet . Staff/Assistant 21-Jun-19 International Compliance

worked on some updating of amounts in the Tax Pool amounts in OIT

0.5 $159.00 $79.50



Investigating issue with OneSource related to reclassing 959(c)(3) E&P to 959(c)(2) E&P related to transition tax

2.1 $159.00 $333.90

McDonald,Wendy Ann


call with Tyler and lulu re: OIT updates for Hexion, running PTI updates

1.2 $159.00 $190.80




Fee



Cleared the EP and look thru errors for 6 entities 4.5 $159.00 $715.50


worked on OTI 24 (Hexion UK) 4.0 $159.00 $636.00


worked on clearing EP errors and LT, we had to change set up for entity 10 and 24 as these entities have a branch filing requirement in the CY we had to create a div proforma binder add balances from PY standalone subsidiary binder, rollover the binder.

11.0 $159.00 $1,749.00


discuss LT errors with Pankaj; phone OS re: subF error 9999; discuss Sch. J re-class entry with Tyler and Wendy; clear international Topcon compute errors

5.0 $159.00 $795.00


Hexion progress update email with Tyler for sub F, work with Lulu for LT issues

0.7 $159.00 $111.30


I had to update few returns n compare the forms with OIT and had to check wtb amounts are flowing properly and all adjustments were flowing properly for 10 entities. I had to work on 2 consolidation workpapers where they had 16 dre's under both.

8.0 $159.00 $1,272.00


assigned work to staff, helped staffs in various questions with regard to form preparation

0.5 $159.00 $79.50


Reviewing sec. 965a and b calculations with Lulu and discuss presentation of E&P and PTI on schedules J and P

1.5 $159.00 $238.50


5471 Review and Prep 3.4 $159.00 $540.60


Preparing 5471s for assigned entities 7.8 $159.00 $1,240.20


I had to update few returns and compare the forms with OIT and had to check WTB amounts are flowing properly and all adjustments were flowing properly for 10 entities. I had to work on 2 consolidation workpapers where they had 16 dre's under both.

10.0 $159.00 $1,590.00

Koushik V Staff/Assistant 24-Jun-19 International US ITS - prepared time and expenses summary for 3.0 $159.00 $477.00




Fee

Compliance 65295735,65336547 O'Brien,John M Senior 24-Jun-19 International

Compliance preparing and analyzing the NLIC and NLCP dual consolidated loss workpapers

2.4 $159.00 $381.60


Fixed all the diagnostics error in OIT and figured out the dividend error after looking into the mapping

3.0 $159.00 $477.00


Looked into the Sch J questions from Teena and Partha

1.0 $159.00 $159.00



Reviewed and updated comments for 2 5471's (Mumbai and Shanghai)

6.5 $159.00 $1,033.50


Looked into Sub f errors, helped staffs to clear the errors, looked into 118 issue with negative PTI, took help from OS champs to fix this, remapped accounts to fix sub f error for entity 003 and fixed the error, reviewed form 5471 for AU-002.

8.0 $159.00 $1,272.00


Sch. J presentation discussion with Andy; review E&P calculation, Form 5471 pages 1 & 2; Sch. C & F; assist team with questions

6.0 $159.00 $954.00


team status update, work with GDS to clear SubF errors

2.1 $159.00 $333.90


5471 Prep of E&P modifications, checking balance sheet and income statement amounts

2.5 $159.00 $397.50


Finishing preparing 5471s. Redoing some draft 5471s due to Sch. M and schedule printing errors. Preparing 965 - tax pool, and cash balances

11.0 $159.00 $1,749.00


I had to update few returns n compare the forms with OIT and had to check wtb amounts are flowing properly and all adjustments were flowing properly for 10 entities. I had to work on 2 consolidation workpapers where they had 16 dre's under both.

10.0 $159.00 $1,590.00



Discussion on systems and ability to generate Sub F and Inclusion reports

0.6 $159.00 $95.40



Download of XML and Refresh of ITS Engine with ownership and E&P calculation for purposes of generating TCJA calculations

2.2 $159.00 $349.80




Fee



Worked on Entity 93, 159 and 177 including Sch J and P

7.0 $159.00 $1,113.00


OTI assigned by worked on 175 partha Checked whole return, made the necessary changes and placed the pdf in SD11 Teena Sch J121Teena PTI and Sch J154 Teena Sch J, Sch O and attaching ORG Chart & Sch M not getting printed 161 Teena Sch J164

5.0 $159.00 $795.00


re reviewed forms 5471 for entity combined Composite technologies ltd, Hexion IAR Holdings (HK) Limited, Hexion Specialty ChemicalsIberica, S.A and PT Momentive Specialty Chemicals for sch H, Income cousin, sch E and sch M, reviewed 5471 for 118

11.0 $159.00 $1,749.00


work on Sch. J in OIT; review and update returns; assist team with questions on returns and workpapers

6.4 $159.00 $1,017.60


Hexion sub F returns 0.1 $159.00 $15.90


5471 prep and review 1.6 $159.00 $254.40


Connecting with Team on open items and what needs to be done

0.6 $159.00 $95.40


Call with Teena on Divisional Consolidation and 8865 updates in OIT - how to and the steps we should take.

0.6 $159.00 $95.40


ETC - connecting with Lulu, John, and MBA on issues with it

1.0 $159.00 $159.00


8865 prep - tracker set up 0.4 $159.00 $63.60


Form 965, reviewing Lulu's comments and updating return. QBAI data input for 5471

9.0 $159.00 $1,431.00



Review of Subpart F and E&P calculations for purposes of GILTI standup in ITS Engine model

2.4 $159.00 $381.60



Review of E&P and Subpart F calculations 2.8 $159.00 $445.20




Fee



Discussions with Lulu on Sourcing and Subpart F calculations

0.6 $159.00 $95.40



Worked on Entity 93, 159 and 177 including Sch J and P

2.0 $159.00 $318.00


OTI assigned by worked on175 partha Checked whole return, made the necessary changes and placed the pdf in SD11 Teena Sch J121Teena PTI and Sch J154 Teena Sch J, Sch O and attaching ORG Chart & Sch M not getting printed161 Teena Sch J164

5.0 $159.00 $795.00


helped staff in setting up consolidation workpaper, and preparation of return, helped assigned returns for Pankaj's review, walkthrough of 8865 return preparation and consolidated return preparation to Austin

2.5 $159.00 $397.50


review E&P, sourcing, and international module in OIT; phone OS on SubF error; help team with questions; review Form 965 and related schedules; help Monica with questions on Form 965

5.7 $159.00 $906.30


call with Lulu on DivCon 24 0.5 $159.00 $79.50


24 - DivCon - prep and review 3.2 $159.00 $508.80


Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin DeCocker; Sheba Thanveer; Jibin John Description: Weekly Hexion update call. Discussion regarding outstanding returns left to prepare, Sch Additional Notes: (not for timesheet)• US is on vacation/holiday next week – Lulu will be checking emails• Pankaj is working on disclosures• Jibin – has started with the consolidation Workpapers A couple left to finish up• Teena has been working on Sch J o Got it to flow from TAS when there were no negative amounts, may need to override when there are• Austin – working on four 8865s and one DivCon.• Goal is by end of next

0.2 $159.00 $31.80




Fee

Friday to have all forms drafted• Delivery date end of July


8865 prep of E&P modifications, checking balance sheet and income statement amounts

0.6 $159.00 $95.40


Drafting meeting notes, sending out 0.3 $159.00 $47.70


Reviewed entity 11,13,160,121,133,154 and gave back changes

6.0 $159.00 $954.00



Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin DeCocker; Sheba Thanveer;Jibin John

0.2 $159.00 $31.80


Weekly Hexion update call. Discussion regarding outstanding returns left to prepare, Sch J

0.2 $159.00 $31.80


Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin DeCocker; Sheba Thanveer; Jibin, John Description: Weekly Hexion update call. Discussion regarding outstanding returns left to prepare, Sch J

0.2 $159.00 $31.80


updated Sch J adjustments for Hexion Research Belgium SA, _Hexion (N.Z.) Limited, Hexion Oy, InfraTec Duisburg GmbH and TianjinHexion Specialty Chemicals Co., Ltd, reviewed form and saved in eplaybook

5.5 $159.00 $874.50


review and update sourcing in OIT; finalizing subF inclusion; review Form 5471s; help Austin with return preparation questions

6.0 $159.00 $954.00




Fee


Attendants: Chunlu Wissinger; Parthasarathy Aladu Venkatesan; Teena Pappachan; Pankaj Khandelwal; Austin DeCocker; Sheba Thanveer; Jibin John Description: Weekly Hexion update call. Discussion regarding outstanding returns left to prepare, Sch J

0.2 $159.00 $31.80


review E&P and subF in OIT 2.8 $159.00 $445.20


Form 965 review, E&P breakout amongst Sch J & P

1.0 $159.00 $159.00


8865 - updating 110b 1.9 $159.00 $302.10


Needed to update sch B part II's that have been reviewed.

1.4 $159.00 $222.60


Reviewed entity 11,13,160,121,133,154 and gave back changes

3.0 $159.00 $477.00


Looking into the transaction details for creating disclosure statements

4.0 $159.00 $636.00


Changes made to OTI 100 1.0 $159.00 $159.00


looked into changes for AU002, DE111 and CNT 100, assigned review changes to staff for DE111, looked into return after staffs updated changes, sent update email

1.0 $159.00 $159.00


finalizing E&P and SubF inclusion in OIT and review returns; phone OS on SubF error; help team with questions

6.6 $159.00 $1,049.40

International Compliance Total

$157,489.50

Cushman,Douglas Senior Manager 30-Apr-19 2019 Q1 Provision

Hexion. Q1 OOS request call with Jeff Rohde 0.3 Fixed Fee $10,000.00

Leopold,Randall P Senior 2-May-19 2019 Q1 Provision

kick off meeting with Doug 0.7 Fixed Fee


reviewing tax provision schedule 1.5 Fixed Fee

Leopold,Randall P Senior 2-May-19 2019 Q1 reviewing tax expense rec and supporting discrete 2.0 Fixed Fee




Fee

Provision schedules Leopold,Randall P Senior 2-May-19 2019 Q1

Provision meeting with Doug to summarize results of review 1.0 Fixed Fee


summarizing findings for Bailey 0.5 Fixed Fee


reviewing effective tax rate schedule 1.0 Fixed Fee


summarizing results for Jeff 1.0 Fixed Fee

O'Brien,John M Senior 6-May-19 2019 Q1 Provision

Gather intercompany loan information, intercompany interest income and expense data from client's SAP system in order for the 2019 tax provision to be completed

1.4 Fixed Fee

Barnes,Andrew M Senior Manager 7-May-19 2019 Q1 Provision

International Tax Q1 Provision meeting with Rick Schumacher (Hexion), Jeff Rohde (Hexion), Kelsey Keween (Hexion), Justine Steward (Hexion), Tyler Martus (EY), Doug Cushman (EY): Purpose of meeting was to discuss 2019 Q1 estimates for global intangible low-taxed income, sec. 163j interest limitation, base erosion anti-abuse tax, and APB 23.

3.0 Fixed Fee

Cushman,Douglas Senior Manager 7-May-19 2019 Q1 Provision

Q1 EAETR review. Review email from J Rohde with response on questions.

0.7 Fixed Fee

Cushman,Douglas Senior Manager 7-May-19 2019 Q1 Provision

International Tax Q1 Provision meeting with Rick Schumacher (Hexion), Jeff Rohde (Hexion), Kelsey Keween (Hexion), Justine Steward (Hexion), Tyler Martus (EY), Doug Cushman (EY): Purpose of meeting was to review and discuss 2019 Q1 estimates for global intangible low-taxed income, sec. 163j interest limitation, base erosion anti-abuse tax, and APB 23

3.0 Fixed Fee




Fee


Senior Manager 7-May-19 2019 Q1 Provision

Reclassed from Engagement code E-20912596 to engagement code E-65336679International Tax Q1 Provision meeting with Rick Schumacher (Hexion), Jeff Rohde (Hexion), Kelsey Keween (Hexion), Justine Steward (Hexion), Tyler Martus (EY), Doug Cushman (EY): Purpose of meeting was to review and discuss 2019 Q1 estimates for global intangible low-taxed income, sec. 163j interest limitation, base erosion anti-abuse tax, and APB 23.

3.0 Fixed Fee

Cushman,Douglas Senior Manager 17-Jun-19 2019 Q1 Provision

Q2 provision status call with J. Rohde. Discuss timing, open compliance items.

0.8 Fixed Fee

2019 Q1 Provision Total

$10,000.00

O'Brien,John M Senior 26-Apr-19 2019 Q1 Provision - Out of Scope

Preparing APB23 calculation for the 2019 tax provision

4.9 $275.00 $1,347.50

Barnes,Andrew M Senior Manager 30-Apr-19 2019 Q1 Provision - Out of Scope

discussion with Tyler Martus and Jeff Rohde (Hexion) to discuss 163j and BEAT considerations for 1Q provision

0.7 $600.00 $420.00

Cushman,Douglas Senior Manager 30-Apr-19 2019 Q1 Provision - Out of Scope

Hexion Provision - Email to Tyler/Andy to follow-up on requested 163j and BEAT calculation approach. Recommend forecast vs annualization approach.

0.4 $600.00 $240.00


Senior Manager 30-Apr-19 2019 Q1 Provision - Out of Scope

1st Qtr. Provision - call with Jeff Rohde (Hexion), Doug Cushman, Andy Barnes to discuss 163j and BEAT calculation approach for purposes of provision calculations.

0.7 $600.00 $420.00

Barnes,Andrew M Senior Manager 1-May-19 2019 Q1 Provision - Out of Scope

Q1 Provision: Review and preparation of GILTI, sec. 163j, BEAT, and APB 23 calculations

2.3 $600.00 $1,380.00

O'Brien,John M Senior 1-May-19 2019 Q1 Provision - Out of Scope

prepare GILTI calculation used for the Q1 2019 tax provision with updated financials and forecasted income

2.8 $275.00 $770.00


Q1 Provision: Review and preparation of GILTI, sec. 163j, BEAT, and APB 23 calculations

2.3 $600.00 $1,380.00




Fee

Cushman,Douglas Senior Manager 2-May-19 2019 Q1 Provision - Out of Scope

Q1 FIN 18 model review and kickoff with R. Leopold.

0.7 $600.00 $420.00


Senior Manager 2-May-19 2019 Q1 Provision - Out of Scope

Review of GILTI, BEAT and 163j Calculations for 1Q Provision

1.2 $600.00 $720.00


Updated APB23 calculation used for the 2019 Q1 Tax Provision for forecasted income and tax expense

1.4 $275.00 $385.00


Review of FIN 18 model with R. Leopold. 1.0 $600.00 $600.00


Q1 Provision: Review of Company's Global intangible low taxed income, sec. 163j interest limitation, base erosion anti-abuse tax and APB 23 calculations

2.5 $600.00 $1,500.00


Hexion - Q1 FIN18 model review. Review questions and responses from J Rohde.

0.8 $600.00 $480.00



Review of Hexion ITS Provision with Andy Barnes 3.0 $600.00 $1,800.00



163j review for Q1 0.6 $600.00 $360.00



BEAT Review for Q1 0.9 $600.00 $540.00



Reclassed from Engagement code E-20912596 to engagement code E-65336679GILTI Review

2.1 $600.00 $1,260.00


Updating the APB23 calculation for review comments received from both EY managers and the client

1.1 $275.00 $302.50


Technical research and reply to questions on intra-period allocation rules and loss limitation rules for Netherlands entities in FIN18 computation for Q1

1.2 $600.00 $720.00




Fee

provision


Hexion Q1 Provision: draft memo outlining reasons for Company not recording any foreign tax credit benefit

1.3 $600.00 $780.00


Update the APB23 memo for Q1 2019 tax provision documentation support per the client's request

0.7 $275.00 $192.50


Hexion Q1 Provision: Draft excel example outlining impact of interest expense apportionment on Company's foreign tax credit profile

1.5 $600.00 $900.00


Q1 Provision: Review Q1 APB 23 Memo 0.6 $600.00 $360.00


Discussion with J Robinson regarding Q1 review. Discuss technical review comments on 163j and Q1 FIN 18 items discussed during Q1 review meeting.

0.5 $600.00 $300.00

Kalman,Amber Staff/Assistant 18-Jun-19 2019 Q1 Provision - Out of Scope

Roll forward quarter PBC data for I/S and B/S 2.5 $175.00 $437.50

O'Brien,John M Senior 18-Jun-19 2019 Q1 Provision - Out of Scope

review and update the APB23 calculation through May financials

3.1 $275.00 $852.50

Barnes,Andrew M Senior Manager 19-Jun-19 2019 Q1 Provision - Out of Scope

Review rollover of APB 23 calculation for Q2 tax provision

0.5 $600.00 $300.00

2019 Q1 Provision - Out of Scope Total

$19,167.50

Longstreet,Jennifer A.

Partner/Principal 2-May-19 ADS Depreciation

BANKRUPTCY - ADS Depreciation - 965 Issue 1.0 $750.00 $750.00



BANKRUPTCY - ADS Depreciation - 965 Issue 1.5 $750.00 $1,125.00

Cushman,Douglas Senior Manager 17-May-19 ADS Depreciation

Conference Call to discuss Form 3115 implications for the accounting method changes related to the 2018 tax return. Participants: Doug Cushman,

0.5 $600.00 $300.00




Fee

Jennifer Longstreet, John O'Brien



Conference Call to discuss Form 3115 implications for the accounting method changes related to the 2018 tax return. Participants: Doug Cushman, Jennifer Longstreet, John O'Brien

0.5 $750.00 $375.00

O'Brien,John M Senior 17-May-19 ADS Depreciation

Conference Call to discuss Form 3115 implications for the accounting method changes related to the 2018 tax return. Participants: Doug Cushman, Jennifer Longstreet, John O'Brien

0.5 $275.00 $137.50

Malone,Shea K. Manager 31-May-19 ADS Depreciation

Review ADS depreciation calculation to determine necessary updates required to update the 481(a) adjustment for the Federal return.

1.0 $450.00 $450.00

Malone,Shea K. Manager 5-Jun-19 ADS Depreciation

“Call to discuss the information requirements (assets, service dates, planning) for the ADS depreciation calculation used to calculate the 481a adjustment for the federal return. Participants were S. Malone and J. O’Brien.”

0.3 $450.00 $135.00

O'Brien,John M Senior 5-Jun-19 ADS Depreciation

Call to discuss that the ADS depreciation calculation used to calculate the 481a adjustment for the federal return only needs to use assets through 12/31/2017. Participants were S. Malone and J. O’Brien

0.3 $275.00 $82.50


“Call to discuss that the ADS depreciation calculation used to calculate the 481a adjustment for the federal return only needs to use assets through 12/31/2017. Participants were S. Malone and J. O’Brien.”

0.1 $450.00 $45.00


Call to discuss the information requirements (assets, service dates, planning) for the ADS depreciation calculation used to calculate the 481a adjustment for the federal return. Participants were S. Malone and J. O’Brien

0.1 $275.00 $27.50


prepare ADS depreciation and 481a adjustment calculation

0.8 $275.00 $220.00




Fee


Partner/Principal 12-Jun-19 ADS Depreciation

965 issue - consider implications of ADS method change impact on the 2018 transition tax (Section 965 inclusion amount)

1.5 $750.00 $1,125.00


ADS Method change, updates to calculation, form, statements, send for EP review

0.4 $450.00 $180.00



1.0 $450.00 $450.00

Cushman,Douglas Senior Manager 14-Jun-19 ADS Depreciation

Internal call to discuss approach regarding ADS depreciation and UNICAP method changes. Team discussed implications of implementing the method changes in 2018 or 2019, data required, effort involved, and the effect of bankruptcy on the method changes. Participants were J. Longstreet, D. Cushman, S. Malone, R. Leopold, J. O’Brien

0.7 $600.00 $420.00



Internal call to discuss approach regarding ADS depreciation and UNICAP method changes. Team discussed implications of implementing the method changes in 2018 or 2019, data required, effort involved, and the effect of bankruptcy on the method changes.

0.7 $750.00 $525.00



0.8 $450.00 $360.00



0.7 $450.00 $315.00



0.7 $275.00 $192.50

Cushman,Douglas Senior Manager 17-Jun-19 ADS GILTI reg implications on ADS changes. Review 0.4 $600.00 $240.00




Fee

Depreciation email traffic on impact to 3115 process. Malone,Shea K. Manager 17-Jun-19 ADS

Depreciation Research of newly released final GILTI regs for impact on ADS depreciation method change

0.4 $450.00 $180.00

Powell,Timothy C Senior Manager 17-Jun-19 ADS Depreciation

research and summary email to provide implications of final regs under 951A regarding certain CFC method changes.

2.0 $600.00 $1,200.00


GILTI methods approach email with Jenni, including ADS options.

0.8 $600.00 $480.00


GILTI methods approach email with Jenni, including ADS options

0.5 $600.00 $300.00




0.5 $750.00 $375.00

ADS Depreciation Total

$9,990.00




Fee


Manager 1-Apr-19 Global Compliance and Reporting

Hexion - Mails #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $450.00 $90.00

Aishwarya Vijay Simhalu

Staff/Assistant 2-Apr-19 Global Compliance and Reporting

Monitoring mail box #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00

Farheen Firdose Senior 4-Apr-19 Global Compliance and Reporting

Mailers - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

1.0 $275.00 $275.00


Follow up for the codes - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.5 $275.00 $137.50



Hexion - Mails, responding to John, Doug, Aishwarya, time reclass #TR

0.1 $450.00 $45.00



Time reversal and reverting to mails - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00

Deepika Chowdhary Staff/Assistant 5-Apr-19 Global Compliance and Reporting

Reclassed the time to new code and sent confirmation email to Farheen #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $175.00 $17.50




Fee



Hexion - Mails, time reclass #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $450.00 $45.00

Allen,Jenefier Michelle


EYOS - Review new site- time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00



Hexion - Mails #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $450.00 $45.00



Pings with US Team related to bankruptcy #TR- time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.3 $175.00 $52.50



EYOS review #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

2.2 $175.00 $385.00



User changes made #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.6 $175.00 $105.00

Chaitra Suresh Vader

Senior 15-Apr-19 Global Compliance and Reporting

Monitoring of mailbox - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $275.00 $55.00



Communications to country teams related to bankruptcy- 5 #TR

0.7 $175.00 $122.50



Mail to team member #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00



Providing access to EY Client users and country teams- all countries #TR

2.0 $175.00 $350.00

Susan Abraham Staff/Assistant 17-Apr-19 Global Compliance and Reporting

[Entity: Hexion] [Service: Global Service] [Complexity: Medium] [Activity Level -1: Global Service] [Freetext: Monitoring inbox] #TR- time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $175.00 $17.50




Fee


Hexion call - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.5 $275.00 $137.50



Hexion-Mails, pinging with Farheen, Hexion #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.8 $450.00 $360.00



User changes made- #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.3 $175.00 $52.50



Hexion - Guiding Farheen on requesting GFIS sweep #TR

0.1 $450.00 $45.00



Pings and emails confirming e filings- 2 #TR 0.4 $175.00 $70.00



Follow ups sent to teams through OGM Dash board- 9 emails to country teams #TR

1.3 $175.00 $227.50


Call with manager to discuss about GFIS and email to John

0.7 $275.00 $192.50



Hexion - Call with Farheen on time charge by country teams #TR

0.2 $450.00 $90.00



Monitoring mail box #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00



Skype ping with country team- guiding to OGM #TR

0.2 $175.00 $35.00



Deliverable follow ups- On skype and emails- 101 #TR

2.0 $175.00 $350.00


Staff/Assistant 2-May-19 Global Compliance and Reporting

Monitoring deliverable follow-up and updating OGM- Closing tasks, adding comments and posting documents - 15 deliverables #TR

1.9 $175.00 $332.50




Fee



Contact updates made to EYI- All contacts 0.5 $175.00 $87.50



Mails to OGM team- 2 #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.3 $175.00 $52.50



Follow up with teams- 3 pings #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.6 $175.00 $105.00

Judy Berney L Staff/Assistant 2-May-19 Global Compliance and Reporting

Hexion - OGM - restarting completed deliverables - 4, assisting Aishwarya on queries on OGM

0.5 $175.00 $87.50



OGM Updates- Comments added to OGM- 12 Deliverables #TR

1.2 $175.00 $210.00



Netherlands GVP reviewed - 3 GVPs #TR 1.4 $175.00 $245.00



SRP Drafted for the quarter and sent #TR 2.4 $175.00 $420.00



Responding to country teams with regards to the scope-2 emails #TR

0.3 $175.00 $52.50



PSM Changes made #TR 0.2 $175.00 $35.00



Ping with country team on confirmation of billing, ping with teammates on communications to be sent out to country teams and reverting to emails.

0.5 $175.00 $87.50



Important communications sent to teams regarding deliverable approval and time charged- 17 emails #TR

2.1 $175.00 $367.50



Mails to country teams- related to OGM Updates #TR

0.2 $175.00 $35.00




Fee



Collating hours charged from teams into an excel #TR

0.3 $175.00 $52.50



Monitoring mail box- Moving emails from action folder to client folders #TR

0.2 $175.00 $35.00



Emails sent to teams- 2 emails with regards to the times charged and TQL approval #TR

0.4 $175.00 $70.00



Call and ping with country team and US team- 2 #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.6 $175.00 $105.00



Emails to country teams- Reclass of time for Bankruptcy code- 6 mails #TR

0.8 $175.00 $140.00



Raising access request for My Business #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $175.00 $17.50

Ibarra Luciano Staff/Assistant 22-May-19 Global Compliance and Reporting

Walk through POC - automation 0.2 $175.00 $35.00



Time detail emails forward to US teams-3 #TR 0.3 $175.00 $52.50



Mails to US/ Country teams #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.4 $175.00 $70.00



Reverting to country teams - emails #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00



Contact changes made on OGM and M2- 3 users #TR

0.4 $175.00 $70.00



Reclassing timings to bankruptcy code #TR 0.2 $175.00 $35.00




Fee



Monitoring mail box #TR 0.2 $175.00 $35.00



Deliverable follow ups sent; mails to country teams- 4 #TR

0.9 $175.00 $157.50



Hexion GVP's reviewed- 10 GVPs 2.4 $175.00 $420.00



Mails to country team and US- 3 emails #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.5 $175.00 $87.50

Cushman,Douglas Senior Manager 28-May-19 Global Compliance and Reporting

Hexion - emails regarding Finland deliverable. TQ review and approvals.

0.6 $600.00 $360.00


Hexion - AML emails from Malcolm and team regarding approvals of AML certification and requirements of Apollo.

0.7 $600.00 $420.00



Sending out email for Time details - 7 Emails to country teams #TR

1.4 $175.00 $245.00



Hexion GVP's reviewed- 10 GVPs 0.6 $175.00 $105.00


Hexion - AML conversation with E. Murphy and email to I. Lehon and G. Formato regarding Apollo Fund investment ownership structure.

1.1 $600.00 $660.00

Farheen Firdose Senior 3-Jun-19 Global Compliance and Reporting

reclassed time and sent emails to the confirm on the same

0.4 $275.00 $110.00

Susan Abraham Staff/Assistant 3-Jun-19 Global Compliance and Reporting

Time sheet reversals + confirmation - 1 email 0.1 $175.00 $17.50


Staff/Assistant 10-Jun-19 Global Compliance and Reporting

Mails to country team and US co-ord- 2 EMAILS #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.4 $175.00 $70.00




Fee



Mails to country team and US team - 2 EMAILS #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.4 $175.00 $70.00

Farheen Firdose Senior 10-Jun-19 Global Compliance and Reporting

Mail management - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.3 $275.00 $82.50



Reminder emails to teams of time details from My Business- 4 EMAILS #TR

0.8 $175.00 $140.00



Mail to John with time details #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.3 $175.00 $52.50

Susan Abraham Staff/Assistant 14-Jun-19 Global Compliance and Reporting

Monitoring inbox - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.1 $175.00 $17.50



Revised PSM drafted - 5 #TR 1.9 $175.00 $332.50

Bharath S Gowda Staff/Assistant 18-Jun-19 Global Compliance and Reporting

Hexion - tried to access to EYI site though in file sent by Farheen but could not, hence requested the same with Aisha and Farheen #TR

0.2 $175.00 $35.00


Hexion - Sent the mail requesting documents for EY interact Review after discussing with Farheen on her review accounts #TR

0.2 $175.00 $35.00


Hexion - Reviewed the EY Interact site for contact and entities and sent the review comments Aishwarya. #TR

1.3 $175.00 $227.50



Billing details provided #TR - time related to coordination of Hexion's non-US income tax compliance for the 2018 tax year

0.2 $175.00 $35.00



Revised PSM issued to India Team #TR 0.5 $175.00 $87.50


Re - did review, checked and sent to remainder - action at the earliest

0.5 $175.00 $87.50




Fee



Interact site updated with all the current contacts #TR

0.5 $175.00 $87.50



Interact site updated with all the current Entities #TR

0.5 $175.00 $87.50

Global Compliance and Reporting Total

$10,377.50

Cushman,Douglas Senior Manager 1-Apr-19 Bankruptcy Projects

Hexion - Internal discussions RE C11, SOWs, communications, next steps on internal approvals and gap period questions.

1.5 $600.00 $900.00


Hexion - Billing review for Bankruptcy. Scheduling discussions for team

1.0 $600.00 $600.00


Hexion - Review bankruptcy email guidance and traffic on required documentation, new SOW drafts, tax quality approvals, inventory open SOWs, identify gap period work.

2.0 $600.00 $1,200.00

O'Brien,John M Senior 8-Apr-19 Bankruptcy Projects

Creating opportunities and PACE (EY Risk assessment tool) for EY leadership approval can be processed and Statements of Work for post-petition bankruptcy work can be provided to the client

3.7 $275.00 $1,017.50


Updating the statements of work to be approved by EY GCO team, Hexion, and bankruptcy courts for bankruptcy related clauses and changes in scope

3.6 $275.00 $990.00


Making final updates after final self review to opportunities and PACE assessments (EY Risk assessment tool) so that EY leadership approval can be processed and Statements of Work for post-petition bankruptcy work can be provided to the client

1.8 $275.00 $495.00


Making the final updates after final self-review to the statements of work to be approved by EY GCO team, Hexion, and bankruptcy courts for bankruptcy related clauses and changes in scope

2.1 $275.00 $577.50




Fee


Drafting and sending a detailed email regarding the bankruptcy timekeeping and expense requirements

0.4 $275.00 $110.00


Making updates for bankruptcy related clauses to the transfer pricing SOWs, adjusting the fee and scope language for the transfer pricing SOWs

1.1 $275.00 $302.50

Cushman,Douglas Senior Manager 6-May-19 Bankruptcy Projects

Email to global contacts at EY regarding Bankruptcy proceedings, timekeeping process, contracts and invoices.

1.5 $600.00 $900.00


Call with Doug Cushman (EY), Joe Robinson (EY), and Rick Schumacher, Jr. (Hexion) to discuss bankruptcy SOWs and fee reconciliation file for 2019 work

1.3 $600.00 $780.00

O'Brien,John M Senior 6-May-19 Bankruptcy Projects


1.3 $275.00 $357.50

Robinson,Joseph R Partner/Principal 6-May-19 Bankruptcy Projects


1.3 $750.00 $975.00


SOW changes. Discussed scope updates and language changes. Also discussed billing process moving forward. Email to TQL and A. Spencer regarding gap period fees.

1.1 $600.00 $660.00


Updating the bankruptcy SOWs for the changes the client requested after they reviewed the initial drafts EY sent

1.4 $275.00 $385.00


Bankruptcy Process discussions on bankruptcy emergence strategies under consideration

1.5 $750.00 $1,125.00


SOW status update with Joe based on his conversations with Rick. Discuss next steps for approval and signatures.

0.5 $600.00 $300.00


correspondence with the EY New Zealand team regarding bankruptcy questions surrounding invoice and billing

0.2 $275.00 $55.00




Fee


Conference Call to discuss treatment of engagement codes and financial metrics related to new bankruptcy SOWs. Participants: Doug Cushman, John O'Brien

0.3 $600.00 $180.00


Conference Call to discuss treatment of engagement codes and financial metrics related to new bankruptcy SOWs. Participants: Doug Cushman, John O'Brien

0.3 $275.00 $82.50

Krause,Caitlin Staff/Assistant 20-May-19 Bankruptcy Projects

Submit 11 templates for opening bankruptcy codes 3.0 $175.00 $525.00


correspondence with Mercury MBA to open bankruptcy codes

0.4 $175.00 $70.00


preparing and organizing the time detail for the fee application

5.2 $275.00 $1,430.00


Correspondence with Mercury MBAs to open Bankruptcy ROCA codes and created pricing plans in order to open codes

1.0 $175.00 $175.00


bankruptcy procedures with internal GC team to complete proper documentation and sign off. Meeting with Rich Schumacher on final review of Bankruptcy version of SOW's and execution.

1.0 $750.00 $750.00


Local to local billing matters. Emails with EY General Counsel regarding facts and jurisdictions in question. Confirming payment and invoice issues.

1.2 $600.00 $720.00


Analyzed time in International ROCA code for Tyler and classified it to different buckets

0.5 $175.00 $87.50

Cushman,Douglas Senior Manager 7-Jun-19 Bankruptcy Projects

Discuss non-US EYG firm payments with J. O'Brien

0.3 $600.00 $180.00


Discuss non-US EYG firm payments with S. Agarwal

0.3 $600.00 $180.00


Hexion - Review Trustee request information for fees paid by Hexion to EY US from 4/1/18-3/31/19. Email to GCO containing updated payment data, and non-US EYG firm services.

0.8 $600.00 $480.00




Fee

O'Brien,John M Senior 7-Jun-19 Bankruptcy Projects

Discuss non-US EYG firm payments with D. Cushman

0.3 $275.00 $82.50


Review 90-day billing data, email back to M Riela to confirm advance payment vs 90-day payment information

0.8 $600.00 $480.00


Email to EY external counsel regarding non-US Fees paid by Debtor.

0.6 $600.00 $360.00


Call with GCO, S. Agarwal, J Obrien, J Robinson regarding non-US fees and the connections check, timing on services, and impact on declaration

0.5 $600.00 $300.00

Krause,Caitlin Staff/Assistant 11-Jun-19 Bankruptcy Projects

Updated Canada Prime Sub agreement for 2019 Provision and ROCA

0.4 $175.00 $70.00

Krause,Caitlin Staff/Assistant 11-Jun-19 Bankruptcy Projects

Created Tracker to keep track of deliverables that have been delivered since 4/1

0.5 $175.00 $87.50


Hexion - non-us payment follow-up with GCO and S. Agarwal. Email to GCO on how to move forward.

1.1 $600.00 $660.00


Read and process email from GCO regarding non-US EYG member firm fee language in SOWs. Draft email to GCSP regarding non-US EYG member firm fee approach for Joe.

0.7 $600.00 $420.00


time spent analyzing the time detail for the bankruptcy fee application

4.7 $275.00 $1,292.50

Robinson,Joseph R Partner/Principal 17-Jun-19 Bankruptcy Projects

Bankruptcy inquires and conflict resolution 1.0 $750.00 $750.00




Call with J. Robinson and GCO regarding non-US EYG member fees for various items including TP and GCR and Provision

1.1 $600.00 $660.00






Fee


analyze bankruptcy time submissions and update billing file and fee application through last week's activity

2.8 $275.00 $770.00


TP17 Bankruptcy work around 1.0 $750.00 $750.00


Updating the Omnibus amendment that updates the language for all bankruptcy SOWs once Hexion emerges

0.5 $275.00 $137.50


bankruptcy omnibus amendment 1.0 $750.00 $750.00


Project Mira - discussions on bankruptcy emergence strategies under consideration

1.0 $750.00 $750.00


Preparing amendment for bankruptcy SOWs and correspondence with the client regarding the amendment

1.7 $275.00 $467.50

Bankruptcy Projects Total

$26,877.50


Senior Manager 3-May-19 NL Basis Study Email to Rick on reconciling differences between inside and outside tax basis of NLH and underlying subsidiaries

0.8 $600.00 $480.00

Barnes,Andrew M Senior Manager 9-May-19 NL Basis Study Review US tax basis calculation for NLH and related assumptions

0.8 $600.00 $480.00


Senior Manager 9-May-19 NL Basis Study Review of NLH Tax Basis Calculation 1.7 $600.00 $1,020.00


Senior Manager 9-May-19 NL Basis Study Drafting email to Rick Schumacher on NLH Tax Basis Calculation approach and assumptions

0.7 $600.00 $420.00

Robinson,Joseph R Partner/Principal 14-May-19 NL Basis Study NLH basis and impact on emergence 2.3 $750.00 $1,725.00 Robinson,Joseph R Partner/Principal 15-May-19 NL Basis Study Call with Rick Schumacher and impact of NLH

basis (stock and E&P) and structure. 2.2 $750.00 $1,650.00


Senior Manager 21-May-19 NL Basis Study Reviewing summary slides of attributes for purposes of basis and E&P

0.6 $600.00 $360.00


Senior Manager 5-Jun-19 NL Basis Study Drafting of NLH Basis Process Memo 2.9 $600.00 $1,740.00

Barnes,Andrew M Senior Manager 6-Jun-19 NL Basis Study Drafting US tax basis memorandum for the NLH Basis Study performed by EY

1.5 $600.00 $900.00




Fee

Briles,Kiera Nicole Staff/Assistant 6-Jun-19 NL Basis Study Reformatting memo for NL basis documentation assumptions

1.2 $175.00 $210.00

Robinson,Joseph R Partner/Principal 6-Jun-19 NL Basis Study basis and computational support review, meetings and follow up

2.3 $750.00 $1,725.00


Senior Manager 7-Jun-19 NL Basis Study Review of NLH Basis Process Memo 2.1 $600.00 $1,260.00

Barnes,Andrew M Senior Manager 14-Jun-19 NL Basis Study Conf call with Rick Schumacher (Hexion) to discuss NLH Basis study and process memo and discuss potential validations needed to support the NLH basis study

1.0 $600.00 $600.00

Barnes,Andrew M Senior Manager 18-Jun-19 NL Basis Study NLH Basis Memo update to address Notice 2019-01 implications to 2018 distribution

0.5 $600.00 $300.00


Senior Manager 25-Jun-19 NL Basis Study Review of 2019-1 Write Up 1.4 $600.00 $840.00

Barnes,Andrew M Senior Manager 27-Jun-19 NL Basis Study Updates to NLH Basis process memo to address Notice 2019-01 implications to 2018 NLH distribution

1.0 $600.00 $600.00

NL Basis Study Total

$14,310.00

Robinson,Joseph R Partner/Principal 21-May-19 NL Check the Box Analysis

meetings with Rick on impact of check the box for NLIC and related debt for Section 163(j), Gilti and 861

1.9 $750.00 $1,425.00

Barnes,Andrew M Senior Manager 22-May-19 NL Check the Box Analysis

Participating on a call with Rick Schumacher from Hexion to discuss the tax implication of making a check the box election for NLIC. EY Participants on the call included: Tyler Martus, Jamal Razavian, Steve DeMers, Andy Barnes.

1.3 $600.00 $780.00

Barnes,Andrew M Senior Manager 22-May-19 NL Check the Box Analysis

Participating on an internal call to discuss the tax implication of making a check the box election for NLIC. EY Participants on the call included: Tyler Martus, Nelson Crouch, Steve DeMers, Andy Barnes.

1.2 $600.00 $720.00

Crouch,Nelson F. Executive Director 22-May-19 NL Check the Box Analysis

Participating on an internal call to discuss the tax implication of making a check the box election for NLIC. EY Participants on the call included: Tyler Martus, Nelson Crouch, Steve DeMers, Andy

1.2 $750.00 $900.00




Fee

Barnes.

DeMers,Steven Craig

Partner/Principal 22-May-19 NL Check the Box Analysis


1.3 $750.00 $975.00

DeMers,Steven Craig

Partner/Principal 22-May-19 NL Check the Box Analysis


1.2 $750.00 $900.00


Senior Manager 22-May-19 NL Check the Box Analysis


1.2 $600.00 $720.00



Review of initial classification election and implications of making a new election under Section 301.7701-3 for purposes of the 60-month period

2.1 $600.00 $1,260.00



Research on Section 304 rules for purposes of understanding implications on Check the box election of NLIC

1.4 $600.00 $840.00




1.3 $600.00 $780.00

Razavian,Jamal Alexander


Participate on a call with Rick Schumacher from Hexion to discuss the tax implication of making a check the box election for NLIC.EY Participants on the call included: Tyler Martus, Jamal Razavian, Steve DeMers, and Andy Barnes.

1.3 $600.00 $780.00



Drafting email to Hexion to summarize key considerations around making an election to check

2.1 $600.00 $1,260.00




Fee

the box of NLIC



Research regarding tax consequences of proposed check the box election on NLIC; comments on proposed summary.

2.7 $600.00 $1,620.00



Clearing review comments on NLIC Check the Box summary email

1.2 $600.00 $720.00

NL Check the Box Analysis Total

$13,680.00

Robinson,Joseph R Partner/Principal 22-Apr-19 NL Debt Analysis

Meeting with VP of tax regarding change new filing requirements in light of tax reform

2.5 $750.00 $1,875.00

DeMers,Steven Craig

Partner/Principal 30-Apr-19 NL Debt Analysis

S. DeMers (EY) and R Schumacher (Hexion) discuss questions regarding US/NL Debt considerations

0.4 $750.00 $300.00

DeMers,Steven Craig

Partner/Principal 30-Apr-19 NL Debt Analysis

T. Martus and S. DeMers discuss questions from Rick regarding US/NL Debt considerations

0.4 $750.00 $300.00


Senior Manager 30-Apr-19 NL Debt Analysis

Tyler and Steve discuss questions from Rick regarding US/NL Debt considerations

0.4 $600.00 $240.00

Barnes,Andrew M Senior Manager 1-May-19 NL Debt Analysis

Call with discussion with S. DeMers, T. Wichman, B. Leonard, A. Barnes and T. Martus to discuss US tax/capital markets implications of Hexion borrowing EUR-denominated third-party debt at NLIC

0.5 $600.00 $300.00

DeMers,Steven Craig

Partner/Principal 1-May-19 NL Debt Analysis


0.5 $750.00 $375.00

Leonard,Robert Andrew

Senior Manager 1-May-19 NL Debt Analysis

Call with discussion with S. Demers, T. Wichman, B. Leonard, A. Barnes, and T. Martus to discuss US tax/capital markets implications of Hexion borrowing EUR-denominated third-party debt at NLIC

0.5 $600.00 $300.00




Fee




0.5 $600.00 $300.00

Wichman,Timothy J Partner/Principal 1-May-19 NL Debt Analysis

Call with discussion with S. Demers, T. Wichman, B. Leonard, A. Barnes, and T. Martus to discuss US tax/capital markets implications of Hexion borrowing EUR-denominated third-party debt at NLIC

0.5 $750.00 $375.00

Barnes,Andrew M Senior Manager 2-May-19 NL Debt Analysis

Call with discussion with Tim Wichman and Steve Demers to discuss potential secs. 304, 987, 988, 1503(d) implications of Hexion borrowing EUR-denominated third-party debt at NLIC.

0.9 $600.00 $540.00

DeMers,Steven Craig


Call with discussion with T. Wichman and S. DeMers to discuss potential secs. 304, 987, 988, 1503(d) implications of Hexion borrowing EUR-denominated third-party debt at NLIC

0.9 $750.00 $675.00


email correspondence discussing implication of debt restructuring options in post-emergence structure within the Netherlands

0.2 $750.00 $150.00


Call with discussion with T. Wichman, S. DeMers to discuss potential Secs. 304, 987, 988, 1503(d) implications of Hexion borrowing EUR-denominated third-party debt at NLIC

0.9 $750.00 $675.00

DeMers,Steven Craig


S. DeMers (EY), T. Martus (EY), T. Wichman (EY), and R. Schumacher (Hexion) discuss questions regarding US/NL Debt considerations

0.6 $750.00 $450.00



S. Demers (EY), T. Martus (EY), T. Wichman (EY), and R. Schumacher (Hexion) discuss questions regarding US/NL debt considerations

0.6 $600.00 $360.00


S. Demers (EY), T. Martus (EY), T. Wichman (EY), and R. Schumacher (Hexion) discuss questions regarding US/NL debt considerations

0.6 $750.00 $450.00


Senior Manager 4-Jun-19 NL Debt Analysis

Consider tax consequences of proposed transaction. 1.2 $600.00 $720.00

NL Debt $8,385.00




Fee

Analysis Total Barnes,Andrew M Senior Manager 20-May-19 NL Dual

Consolidated Loss Analysis

Technical Research on dual consolidated loss rules, section 304 applicability to client's tax structure/planning to prepare for internal and client calls during the week

2.2 $600.00 $1,320.00

Barnes,Andrew M Senior Manager 20-May-19 NL Dual Consolidated Loss Analysis

Technical Research on dual consolidated loss rules, section 304 applicability to client's tax structure/planning to prepare for internal and client calls during the week

1.5 $600.00 $900.00


Participating on an internal call to discuss the NL Dutch Implications of DCL rules on interest expense deductibility in the Netherlands. EY Participants on the call included: Tyler Martus, Martijn Bons, Andy Barnes.

0.4 $600.00 $240.00


Participating on a call with Rick Schumacher from Hexion to discuss the DCL implications of debt at a DRE of a US Entity. EY Participants on the call included: Willem van Beekhoff, Andy M Barnes Steven C. DeMers and Tyler Martus

1.1 $600.00 $660.00

DeMers,Steven Craig

Partner/Principal 21-May-19 NL Dual Consolidated Loss Analysis

Participating on a call with Rick Schumacher from Hexion to discuss the DCL implications of debt at a DRE of a US Entity. EY Participants on the call included: Willem van Beekhoff, Andy M Barnes Steven C. DeMers and Tyler Martus

1.1 $750.00 $825.00


Senior Manager 21-May-19 NL Dual Consolidated Loss Analysis

- Participating on an internal call to discuss the NL Dutch Implications of DCL rules on interest expense deductibility in the Netherlands. EY Participants on the call included: Tyler Martus, Martijn Bons, Andy Barnes.

0.4 $600.00 $240.00



- Participating on a call with Rick Schumacher from Hexion to discuss the DCL implications of debt at a DRE of a US Entity. EY Participants on the call included: Willem van Beekhoff, Andy M Barnes Steven C. DeMers and Tyler Martus

1.1 $600.00 $660.00



Research on DCL rules for purposes of debt in foreign branch of NLIC

2.1 $600.00 $1,260.00




Fee

Bons,Gijsbert Martijn


Call Tyler around Dutch anti-hybrid rules (0.4), review draft rules and discussion NY colleague (1) and prepare email (0.5) related to dual consolidated loss rules in the Netherlands and US based on debt structuring alternatives under consideration

1.9 $600.00 $1,140.00

NL Dual Consolidated Loss Analysis Total

$7,245.00

Robinson,Joseph R Partner/Principal 12-Apr-19 NL Restructuring Analysis

MIRA and Scoping for 2019 forms for ITS 1.0 $750.00 $750.00

Robinson,Joseph R Partner/Principal 22-Apr-19 NL Restructuring Analysis

meeting with VP of tax regarding post-bankruptcy structure

1.6 $750.00 $1,200.00

DeMers,Steven Craig

Partner/Principal 3-May-19 NL Restructuring Analysis

S. DeMers (EY), T. Martus (EY), T. Wichman (EY), and R. Schumacher (Hexion) discuss questions regarding restructuring alternatives and tax attributes

0.4 $750.00 $300.00

Wichman,Timothy J Partner/Principal 3-May-19 NL Restructuring Analysis

call with: Steve, Tim, Tyler and Rick discuss questions regarding restructuring alternatives and tax attributes

0.4 $750.00 $300.00

Cushman,Douglas Senior Manager 20-May-19 NL Restructuring Analysis

Call with T Martus RE: NL Debut structuring request. Email to Marg/GCO regarding contracting options with cc to tax quality for internal validation on approach.

0.4 $600.00 $240.00

Robinson,Joseph R Partner/Principal 23-May-19 NL Restructuring Analysis

update with team on scope, deliverables and conclusions reached on Dutch restructuring

1.1 $750.00 $825.00

NL Restructuring Analysis Total

$3,615.00

Hill,Brittany N. Senior 3-Jun-19 SCM Analysis Put together initial SCM analysis based on file provided by client.

2.4 $275.00 $660.00

Agrawal,Shalini Senior Manager 6-Jun-19 SCM Analysis Review initial SCM analysis 1.0 $600.00 $600.00 Agrawal,Shalini Senior Manager 11-Jun-19 SCM Analysis Review and update SCM analysis for additional

considerations 1.0 $600.00 $600.00




Fee

Agrawal,Shalini Senior Manager 12-Jun-19 SCM Analysis Review and update SCM analysis 0.5 $600.00 $300.00 Hill,Brittany N. Senior 27-Jun-19 SCM Analysis SCM analysis meeting with the client and prep

including reading files provided by the client. 1.2 $275.00 $330.00

SCM Analysis Total

$2,490.00


Senior Manager 22-May-19 Section 956 Section 956 research on the application of the new regulations and how they could impact the pledging of foreign stock

3.1 $600.00 $1,860.00

Section 956 Total

$1,860.00

Agrawal,Shalini Senior Manager 22-May-19 Transfer Pricing FY18 Documentation

Planning and preparation of team for tp documentation project

1.0 $600.00 $600.00

Polisena,Victoria Staff/Assistant 22-May-19 Transfer Pricing FY18 Documentation

Preparation of Hexion PSMs 1.0 $175.00 $175.00

Agrawal,Shalini Senior Manager 23-May-19 Transfer Pricing FY18 Documentation

addtl planning and preparation for upcoming documentation projects

2.0 $600.00 $1,200.00


Hexion tested party data 1.0 $175.00 $175.00


Hexion IDR for Masterfile and Masterfile update 2.5 $175.00 $437.50

Hill,Brittany N. Senior 3-Jun-19 Transfer Pricing FY18 Documentation

Hexion Masterfile - reviewing comments with staff. 0.3 $275.00 $82.50

Polisena,Victoria Staff/Assistant 3-Jun-19 Transfer Pricing FY18 Documentation

Hexion MF 1.0 $175.00 $175.00


Hexion Masterfile - review of update 1.0 $275.00 $275.00


Hexion Masterfile review of update continued. 2.0 $275.00 $550.00




Fee

Agrawal,Shalini Senior Manager 6-Jun-19 Transfer Pricing FY18 Documentation

Review Masterfile 2.0 $600.00 $1,200.00


global roll up and master file, meeting 2.0 $175.00 $350.00


Hexion Masterfile - second round of comments and review applied. Review of first initial documents provided by client.

3.5 $275.00 $962.50


GDS request 1.0 $175.00 $175.00

Sharath Gopinath Senior 9-Jun-19 Transfer Pricing FY18 Documentation

Hexion - Re run two NA searches, mfg and dist. 2.0 $275.00 $550.00


provide guidance on and review Hexion Canada report

2.0 $600.00 $1,200.00

Divya A Staff/Assistant 10-Jun-19 Transfer Pricing FY18 Documentation

EMS US ITS_HEXION INC. Requested for Interoperability

0.3 $175.00 $52.50


Review of client provided data for reports. 2.9 $275.00 $797.50


Hexion Canada report and OTG model 3.0 $175.00 $525.00


Hexion - Reply to Brittany, re run search strategy, assign work and reply to email

0.3 $275.00 $82.50


provide guidance on and review OTG model 2.0 $600.00 $1,200.00

Drobny,Christopher R

Staff/Assistant 11-Jun-19 Transfer Pricing FY18 Documentation

Bloomberg for Victoria 1.0 $175.00 $175.00

Polisena,Victoria Staff/Assistant 11-Jun-19 Transfer Pricing OTG model 3.0 $175.00 $525.00




Fee

FY18 Documentation


Masterfile updates and review for FY18 3.0 $275.00 $825.00


OTG model 2.0 $175.00 $350.00


Hexion updating the profit split model. 2.5 $275.00 $687.50



0.4 $275.00 $110.00

Catherien Emmanuel

Senior 14-Jun-19 Transfer Pricing FY18 Documentation

Hexion - US - Performing TD on GF for two sets 4.0 $275.00 $1,100.00


Updating the residual profit split model and working on follow-up questions to go back to client.

4.0 $275.00 $1,100.00



0.3 $275.00 $82.50

Chaitra N Staff/Assistant 17-Jun-19 Transfer Pricing FY18 Documentation

Hexion - Time taken to check for geographical sales and independence check for NA companies

1.5 $175.00 $262.50


Hexion benchmarking set 1.5 $175.00 $262.50


Review of TD's for two sets 3.0 $275.00 $825.00

Susanna Paul Senior 18-Jun-19 Transfer Pricing FY18 Documentation

Reviewed TD and allotted work to staff and found ataff_2 hours

0.8 $275.00 $220.00

Hill,Brittany N. Senior 19-Jun-19 Transfer Pricing FY18

Working on tested party data, updating testing models, and working on next steps for roll-forward

1.7 $275.00 $467.50




Fee

Documentation of reports.


Updating of testing models and reports 1.9 $275.00 $522.50


Reviewed TD and allotted work to staff and found ataff_2 hours

0.4 $275.00 $110.00


Hexion OTG models 1.5 $175.00 $262.50


10-K - helped staff and project management 1.5 $275.00 $412.50


FY18 benchmarking updates for the reports. 2.0 $275.00 $550.00

Transfer Pricing FY18 Documentation Total

$19,615.00

Ingram, Connie J Manager 6-Aug-19 Fee App Preparation

Preparation of fee app in format required by bankruptcy court

1.0 $450.00 $450.00



6.7 $450.00 $3,015.00



4.0 $450.00 $1,800.00



5.0 $450.00 $2,250.00

Fee App Preparation Total

$7,515.00

Grand Total $393,314.50


Abbreviation Definition

1 ADS Alternative Depreciation System - method of depreciation required in computation of GILTI - Global Intangible Low-Tax Income -calculations

2 BD CODE Business Development code

3 BEAT Base Erosion and Anti-Abuse Tax - new provision of US tax code as a result of tax reform.

4 BOY Beginning of Year 5 BS Balance Sheet

6 CBT DIV Corporate Business Tax Dividend - Form required for Section 965 transition tax compliance in New Jersey

7 CFC Controlled Foreign Corporation 8 COA Chart of Accounts 9 COGS Cost of Goods Sold

10 DC Divisional Consolidation - term used within OneSource Income Tax software 11 DRE Disregarded Entity 12 E & P Earnings and Profits 13 EAETR Estimated Annual Effective Tax Rate 14 ELIM Eliminations

15 EPM Consolidation level of SAP system used to prepare Hexion's general ledger and accounting records meaning Enterprise Performance Management

16 ETC Estimate to Complete 17 FC Functional Currency 18 FS Financial Statements 19 FTW Federal Tax Workpaper 20 GDS Global Delivery Services 21 GF Global Fusion - EY Transfer Pricing tool


Abbreviation Definition

22 GILTI Global Intangible Low-Tax Income - new provision in US tax code as a result of tax reform

23 GLM General Ledger Manager 24 GVP Global View Pack 25 IS Income Statement 26 ITS International Tax Services 27 LT Long-Term 28 MIRA Hexion's internal project name (MIRA/MIRO) for Hexion Bankruptcy 29 MTB Master Trial Balance 30 NBS Entity code for Hexion Nimbus, Inc. 31 NLH Entity code for Hexion Holding BV 32 NLCOOP Entity code referring to the Netherlands Co-Op Group of entities 33 NLCP Entity code for NL Coop Holdings LLC 34 NLIC Entity code for Hexion International Cooperatief U.A. 35 NOL Net operating loss

36 OGM Internal EY tool used in monitoring Global Compliance and Reporting engagements

37 OIT OneSource Income Tax 38 OOS Out of scope 39 OTP OneSource Tax Provision 40 PBC Prepared by client 41 POC Point of contact 42 PPE Property Plant and Equipment

43 PSM Prime-sub Memo used internally within EY to contract with local EY member firms

44 PTI Previously taxed income 45 PY Prior year 46 QBU Qualified Business Unit


Abbreviation Definition 47 ROCA Routine on-call Advisory 48 RTP Return to provision 49 SAP Name of Hexion's general ledger / accounting system 50 SCM Services cost method - considered in transfer pricing analysis 51 SOW Statement of Work

52 SRP Service report package used in Global Compliance and Reporting management

53 TAS Tax Accounting System 54 TB Trial Balance 55 TD Trade Description 56 TI Taxable Income 57 USD United States Dollar


Exhibit B


Exhibit B

Expense Detail

Date Name Description Hours Fees Rate Narrative

04/01/2019 Riela, Michael J. PARTNER 0.5 $302.50 $605.00

Emails with engagement team and M. Hosbach regarding retention process and next

steps.


Format updated parties in interest list from debtors' counsel (0.6); email to EY regarding

same (0.1).


Telephone conference and emails with M. Hosbach and engagement team regarding

Hexion retention status and next steps.


Review and comment on draft chapter 11 MSA and SOWs (0.9); emails with

engagement team and M. Hosbach regarding same (0.4).


Review and comment on revised drafts of engagement letters (0.7); email exchanges with M. Hosbach and engagement team

regarding same (0.4).


Telephone conference and emails with M. Hosbach and with Latham regarding Chapter

11 engagement letters and next steps with respect to retention.


Email exchanges regarding status of engagement letters and next steps with respect

to retention.


Email exchanges with engagement team, M. Hosbach and debtors' counsel regarding status

of engagement letters and retention papers.




Email exchanges with engagement team and with debtors' counsel regarding status of retention papers and engagement letters.


Emails with engagement team regarding engagement letters and status of review of

same.


Emails with Latham, M. Hosbach and engagement team regarding Chapter 11 engagement letters and retention papers.


Telephone conferences and emails with M. Hosbach, debtors' counsel and engagement team regarding next steps with respect to

retention application and engagement letters.


Email exchanges with engagement team and M. Hosbach regarding retention declaration

and modifications to certain SOWs.


Update retention declaration and emails with engagement team and M. Hosbach regarding

engagement letters.


Telephone conference and emails with M. Hosbach regarding next steps with respect to

retention and revised SOWs (0.6); review revised tax compliance SOWs (0.3).

05/06/2019 Riela, Michael J. PARTNER 2.4 $1,452.00 $605.00

Revise retention declaration (1.3); emails with M. Hosbach and engagement team regarding

new statements of work (0.7); telephone conference with M. Hosbach regarding

treatment of future post-effective date work (0.4).




Review two revised Chapter 11 statements of Work (0.3); Continue revising retention

declaration to take into account changes in statements of work and additional information (0.8); email exchanges with M. Hosbach and engagement team regarding subcontracting

issues (0.5).

05/08/2019 Riela, Michael J. PARTNER 1.8 $1,089.00 $605.00

Update retention declaration (0.6); email exchange with engagement team regarding confirmation of information in connection with same (0.2); revise Latham's draft of

retention application and proposed order (1.0).


Email exchanges with engagement team regarding retention declaration and

subcontracting particulars (0.4); emails with Latham regarding draft of retention

application and timing (0.4); telephone conference with N. Siddiqui regarding pre-

petition MSA (0.2).


Respond to engagement team's questions regarding fee applications (0.2); update drafts

of retention documents (0.7).

05/16/2019 Riela, Michael J. PARTNER 0.6 $363.00 $605.00 Emails with engagement team regarding next

steps with respect to retention in case.


Review updated drafts of retention application and proposed order (0.6); update retention declaration to reflect new status of certain

engagement letters (0.4).


Review case docket for plan confirmation status and possible deadline for final fee

application.




Telephone conference with M. Hosbach regarding engagement letters and retention

declaration.


Email exchanges with M. Hosbach regarding non-US subcontracting engagements and fees relating to same (0.5); emails with connections

check team regarding connections check matters (0.2).


Emails with M. Hosbach and engagement team regarding US Trustee comments to EY's

retention papers.


Email exchanges with engagement team and with M. Hosbach regarding US Trustee

comments to retention papers.


Numerous emails with M. Hosbach and engagement team regarding fees to be paid to

non-US EYG member firms in connection with US Trustee comments to retention papers (0.7); telephone conference with engagement

team and M. Hosbach re same (0.3).


Review EY's responses to US Trustee's comments on retention and correspond with

EY regarding same.


Telephone conference with M. Hosbach regarding US Trustee comments on retention (0.3); telephone conference with engagement

team re same (0.2); begin preparing supplemental retention declaration (0.5).

06/12/2019 Riela, Michael J. PARTNER 0.9 $544.50 $605.00 Prepare supplemental declaration (0.5) and

emails with UST re retention comments (0.4).




Email exchanges with US Trustee and with M. Hosbach regarding comments on retention

(0.3); telephone conferences and emails with M. Hosbach and engagement team regarding

use of non-US EY firms (0.5).


Email exchanges with M. Hosbach and engagement team regarding use of non-US EY

firms.


Emails and telephone conferences with M. Hosbach and engagement team regarding fees

of non-US EYG member firms.


Email exchanges with EY and with US Trustee regarding resolution of US Trustee's comments to retention papers (0.5); finalize

proposed form of retention order (0.3).


Email exchanges with EY regarding entry of retention order (0.3); emails and telephone

conference with M. Hosbach and N. Siddiqui regarding post-effective date engagement

agreement amendment (0.9).


Review and comment on draft of post-effective amendment to existing SOWs (0.8); emails with N. Siddiqui regarding same (0.3).


Email exchanges with M. Hosbach and engagement team regarding entry of retention order and next steps with respect to retention

and expected effective date.


Email exchanges regarding effective date of plan and next steps with respect to

engagement letters and final fee application.




Email exchanges with engagement team regarding effective date of plan and next steps

with respect to same. 34.6 $20,933.00


IN THE UNITED STATES COURT FOR THE DISTRICT OF ......Case 19-10684-KG Doc 1114 Filed 08/15/19 Page 2...

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Transcript of IN THE UNITED STATES COURT FOR THE DISTRICT OF ......Case 19-10684-KG Doc 1114 Filed 08/15/19 Page 2...