United States

The Tax Exchange

Tax discussions for the business leader


 New York revises unclaimed property voluntary compliance agreement

New York revises unclaimed property voluntary compliance agreement

Recently, the New York State Comptroller quietly revised the 2017 unclaimed property voluntary compliance agreement reducing the reportable period reach-back to 2007 for “general ledger” type property.

  • January 20, 2017
D.C. moves one step closer to eliminating so-called

D.C. moves one step closer to eliminating so-called "tampon tax"

The District of Columbia has joined the growing movement towards putting an end to the “tampon tax” – a sales tax on tampons and other feminine hygiene products.

  • January 06, 2017
Final rules require 5472s from foreign-owned disregarded entities

Final rules require 5472s from foreign-owned disregarded entities

Recently the Treasury released final regulations requiring information reporting from foreign-owned domestic disregarded entities. Previously an opaque area, these new regulations demonstrate U.S. commitment to transparency and information exchange in the international tax area.

  • January 04, 2017
FATCA year-end reminders for investment funds

FATCA year-end reminders for investment funds

The end of the year brings holidays, reunions with friends and family and, of course, deadlines associated with the twin global reporting regimes of Foreign Account Tax Compliance Act (FATCA) and common reporting standards (CRS).

  • December 27, 2016
Multiple residences, one domicile: where is income reported?

Multiple residences, one domicile: where is income reported?

It should be easy to know where you live, but for state personal income tax purposes, the question becomes “where are you domiciled?”

  • December 16, 2016
Unrelated business taxable income on refinanced property

Unrelated business taxable income on refinanced property

Tax-exempt investors deploy a considerable amount of capital to real estate funds as a way to diversify their portfolios. In many cases, income from real estate investments is not altogether free from tax for these investors, despite their tax-exempt status.

  • December 13, 2016