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The Tax Exchange

Tax discussions for the business leader


International tax reform, where do we stand?

International tax reform, where do we stand?

Fall is around the corner and Congress’ progress on tax reform leaves much to be desired. Earlier in the year we were hopeful for comprehensive tax reform in 2017, now we are cautiously optimistic for even a minor reform package to come by the end of 2018.

  • July 26, 2017
EU value added tax refund potential for pharmaceutical companies

EU value added tax refund potential for pharmaceutical companies

A recent opinion by the Advocate General (AG) for the European Court of Justice (ECJ) opens the door for pharmaceutical companies to potentially claw back previously charged value added tax (VAT).

  • July 20, 2017
Avoiding IRS penalties: Substantial compliance with foreign returns

Avoiding IRS penalties: Substantial compliance with foreign returns

Years ago it was not unheard of for taxpayers to file their international information returns with the entity’s name, maybe a foreign tax ID number, and “financials available upon request.” To be clear, this approach does not work today.

  • July 06, 2017
S Corporation required to pay employment taxes - twice

S Corporation required to pay employment taxes - twice

We see a growing trend where companies choose to ‘lease’ their employees through a Professional Employer Organization (PEO). But what happens if the PEO fails to remit the employment taxes to the IRS?

  • June 30, 2017
Updates on the new IRS LB&I Division compliance campaigns

Updates on the new IRS LB&I Division compliance campaigns

The IRS participated in a one-hour LB&I compliance webcast on June 20 as part of its efforts to provide tax practitioners with additional information on how its new compliance campaigns will operate.

  • June 28, 2017
Employers with self-insured health plans owe PCOR fee by July 31, 2017

Employers with self-insured health plans owe PCOR fee by July 31, 2017

Despite on-going efforts in Congress to repeal and replace the Affordable Care Act, employers with self-insured health plans are still required to pay the annual patient-centered outcomes research (PCOR) fee for plan years ending in 2016 by July 31, 2017.

  • June 23, 2017