United States

The Tax Exchange - June 2017

S Corporation required to pay employment taxes - twice

TAX BLOG

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

TAX BLOG

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

TAX BLOG

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
Tax planning for ESOP-owned S corporations

TAX BLOG

Tax planning for ESOP-owned S corporations

The June 2017 Tax Court decision in Petersen is a good reminder of the unique tax considerations for S corporations owned by employee stock ownership plans (ESOPs).

  • June 21, 2017
Apportionment of net recognized built-in gains in California

TAX BLOG

Apportionment of net recognized built-in gains in California

S-corporations doing business in California and that have NRBIGs are required to apportion those gains to California. However, taxpayers and tax professors had questions.

  • June 09, 2017
Navigating nuances in transfer pricing

TAX BLOG

Navigating nuances in transfer pricing

On May 19, 2017, Chevron Australia Holdings Pty Ltd. sought special leave to appeal to the High Court of Australia the Full Federal Court’s decision...broader discussions among multinational enterprises on cross-border intercompany financing arrangements under Australian and other jurisdictions’ transfer pricing rules continue as taxpayers face uncertainty.

  • June 02, 2017