United States

The Tax Exchange - March 2017

Nexus, apportionment and tax base: A state tax compliance trifecta

TAX BLOG

Nexus, apportionment and tax base: A state tax compliance trifecta

The federal tax code is notoriously complex, but a multi-state and local tax professional may find managing 51 state-level taxing jurisdiction and countless locals a much more difficult task.

  • March 27, 2017
Sixth Circuit ruling sets boundaries to substance-over-form doctrine

TAX BLOG

Sixth Circuit ruling sets boundaries to substance-over-form doctrine

The Sixth Circuit Court of Appeals recently overruled the Tax Court and ruled against the IRS to allow a taxpayer to own a Domestic International Sales Corporation (DISC) through a Roth IRA. At its core, the Circuit Court’s opinion addressed the IRS’s application of the substance-over-form doctrine.

  • March 16, 2017
Are local tax prepayment benefits worth it?

TAX BLOG

Are local tax prepayment benefits worth it?

Many states and localities offer taxpayers rate reductions and other benefits for prepayment of taxes. So, should you prepay? The answer to that question depends on a number of factors.

  • March 14, 2017
Do your PTO policies create tax complexity?

TAX BLOG

Do your PTO policies create tax complexity?

Employers seeking to attract and retain the best employees often turn to creative incentives around vacation and sick leave policies.

  • March 10, 2017
Updated IRS audit guide gives insight to golden parachute treatment

TAX BLOG

Updated IRS audit guide gives insight to golden parachute treatment

Is your company a C corporation that may be undergoing a change in control? If so, you should be aware of the potential adverse tax consequences that may result from the payment of “golden parachute payments.”

  • March 06, 2017
Maximizing tax depreciation deductions for landfill costs

TAX BLOG

Maximizing tax depreciation deductions for landfill costs

Landfill owners typically incur numerous types of costs for the acquisition of land, related preparation, and regulatory approval to fill on that land. However, many owners do not properly recover all of the associated costs—including a portion of the land itself—via depreciation deductions.

  • March 02, 2017