The Tax Exchange - November 2016
Recently, a long-imposed California county and city tax has received renewed attention as local governments weigh its expansion to contemporary technologies, such as video services.
Staff members from the House Ways and Means Committee recently spoke about international tax reform at an event sponsored by the Tax Section of the DC Bar Association. Discussion focused on the House Republicans’ tax policy blueprint, “A Better Way for Tax Reform."
2016 brought many small changes, but little in the way of major tax reform. While corporations will be watching and waiting along with the rest of the country to see how the President-elect and incoming Congress are likely to move on tax reform, there are some issues you should be reviewing in the near-term.
Busy season is winding down, the holidays are approaching and year-end tax provision is on the minds of many tax departments.
On a recent webcast, we talked about filing protective claims related to cost sharing agreements and the now-infamous Altera case. Viewer questions highlight the importance of procedure when it comes to dealing with the IRS.
The IRS recently issued an Action on Decision (AOD) with respect to Giant Eagle, Inc. v. Commissioner. The AOD provides that the government will not follow the decision in Giant Eagle outside of the Third Circuit.
Employers with self-insured health plans must pay a $27 per person reinsurance fee by submitting their plan enrollment count to HHS by November 15 and paying the fee by Jan. 17, 2017.
In the recently issued Chief Counsel Advice stated that a merger termination fee received by a taxpayer was a capital transaction and gain or loss was determined based upon the difference between the termination fee received and the costs previously capitalized related to the transaction.
If your business has investment properties or is a pass through entity serving as a conduit to passing through qualified rehabilitated expenditures to another entity, new IRS advice may impact your filing for the section 47 rehabilitation credit.
Shortly after the United States released its guidance for the new country-by-country reporting (CbCR) standards, RSM and Bloomberg BNA got together for a webcast to explore what these regulations mean for businesses operating in the USA and abroad.