United States

The Tax Exchange - November 2016

California localities expanding utility user taxes to video services

California localities expanding utility user taxes to video services

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.

  • November 28, 2016
Is there a better way to international tax reform?

Is there a better way to international tax reform?

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."

  • November 21, 2016
8 corporate and M&A tax considerations for year-end planning

8 corporate and M&A tax considerations for year-end planning

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.

  • November 17, 2016
State tax claim filings: Check and check again

State tax claim filings: Check and check again

Busy season is winding down, the holidays are approaching and year-end tax provision is on the minds of many tax departments.

  • November 15, 2016
How protective is a protective claim under Altera?

How protective is a protective claim under Altera?

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.

  • November 11, 2016
Treatment of reward programs: Where there is a will there may be a way

Treatment of reward programs: Where there is a will there may be a way

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.

  • November 09, 2016
Reminder: Health plan reinsurance fee reporting due November 15

Reminder: Health plan reinsurance fee reporting due November 15

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.

  • November 08, 2016
IRS doubles down on capital treatment for merger termination fee

IRS doubles down on capital treatment for merger termination fee

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.

  • November 07, 2016
Clarification on reporting for building rehabilitation expenses

Clarification on reporting for building rehabilitation expenses

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.

  • November 04, 2016
Preparing for country-by-country reporting, your questions answered

Preparing for country-by-country reporting, your questions answered

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.

  • November 02, 2016