Tax news

Tax

Tax Inversion: What's the Real Story?

As you might imagine, the practice of tax inversion, and how to best resolve it, has provoked debate from both sides of the aisle. Only CEOs seem to like it, but no one knows how to stop it.
A&A

Bramwell’s Lunch Beat: IL Gov. Candidate’s Use of an Overseas Tax Haven

The menu for August 4 features specials on why all tobacco taxes should be equal, shareholders get the shaft in tax inversion deals, activist investors also looking at tax-beneficial mergers, and more.
Tax

The Strange and Subtle Rules of Estimated Taxes

Everyone knows about paying estimated taxes, but that's just the beginning. The rules for calculating them are complex and the penalties can be severe—but there are safe harbors.
A&A

Bramwell's Lunch Beat: SEC Turns to Deloitte for Top Accounting Job

The menu for July 31 features bipartisan efforts on tax refund fraud, a possible new chief accountant for the SEC, the battle against bank overdraft fees, and more.
A&A

Bramwell's Lunch Beat: Did Lois Lerner Really Use That Word?

The menu for July 31 features yet another attempt on the estate tax, the revelation of Lois Lerner's salty language, Bank of America's mortgage fines, possible SEC reforms, and more.
A&A

Bramwell's Lunch Beat: Are Restatements Becoming a Thing of the Past?

The menu for July 30 features bills on the highway fund, a study on the reduction of restatements, an examination of banks and ethics, a proposal to eliminate the IRS Commissioner and more.
Tax

See How Tax Credits Can Save That Ancient House

There it stands, your client's 100-year-old, rickety, vermin-infested barn. Federal and state tax incentives can offset the costs of rehabbing an old building and make it valuable again.
A&A

Can Software Really Replace Accountants?

Changes are on the horizon that could empower accounting software users to the point when they don't need accountants any longer, and reduce the process to a turnkey program.
Tax

Disasters Come with Tax Breaks—Know the Rules

The tax code allows you to claim tax deductions for household damage caused by thefts, vandalism, fires, floods, hurricanes, and more. But the law imposes several restrictions.
A&A

Bramwell’s Lunch Beat: Canada Finds FATCA Costs Them

The menu for July 28 features still more on the inversion argument, an analysis of why Canadian banks are unhappy with FATCA, Congress-White House disagreement on child care credits, banking regulations, and more.
A&A

Bramwell’s Lunch Beat: Obama on Inversions: ‘I Don’t Care If It’s Legal, It’s Wrong’

The menu for July 25 features specials on House approves bill to expand and simplify tax breaks for education, IRS releases draft forms on Obamacare employer mandate, Paul Ryan’s plan to expand the EITC, and more.
Practice

Tax Pros Have High Hopes for IRS Transfer Pricing Audit Tool

Many senior US tax professionals believe that a streamlined audit process will be the top benefit resulting from the IRS Transfer Pricing Audit Roadmap, a toolkit organized around a notional 24-month audit timeline, according to the results of a new KPMG survey.
A&A

Bramwell’s Lunch Beat: No Convergence for Accounting Rules on Financial Instruments

The menu for July 24 features specials on SEC approves final rules on money-market funds, GAO says it’s too soon to draw conclusions on Obamacare tax credit fraud, IRS no longer probing missing emails, Senate to vote on phasing out gas tax, and more.
Practice

Don’t Leave Money on the Table When You Suspect IRS Error

The IRS isn't always perfect in its calculations of underpayment interest and refund interest. Two BDO USA professionals, Cathy Stopyra and Todd Simmens, provide advice so you don't walk away from overpayments that are rightfully owed to your company.
A&A

Bramwell’s Lunch Beat: California Soda Tax Measures – Whose Is Better?

The menu for July 23 features specials on FASB looks at revamping income statement, two courts issue conflicting rulings on Obamacare subsidies, Senate advances bill to end tax breaks for outsourcing, and more.
A&A

Bramwell’s Lunch Beat: ACA Tax Subsidies Take Major Hit in Federal Appeals Court

The menu for July 22 features specials on Renaissance hedge fund escaped more than $6 billion in taxes, Lois Lerner’s emails may exist after all, Senate Finance Committee holds hearing on inversions, and more.
Tax

Poll: Smokers Fired Up Over Increases in Cigarette Taxes

A new Gallup survey found that 58 percent of smokers in the United States see increased state and federal taxes on cigarettes as an act of unjust discrimination, while 39 percent believe the tax hikes are justified.
A&A

Bramwell’s Lunch Beat: Detroit CPA Firms Give Top Prospects the ‘Detroit Experience’

The menu for July 21 features specials on some liberal groups oppose moratorium on Internet access taxes, lawmakers urge SEC not to allow choice of accounting rules, Tea Party groups’ lawsuit vs. IRS moves ahead, and more.
Tax

Sales Tax Confusion: Either Way, You're Screwed

If you don't collect enough sales tax, you're in trouble with the state. Collect too much and the lawyers will be after you. Vendors may feel they're in a no-win situation.
Tax

IRS: Assess Changes Now That May Affect Your Premium Tax Credit

Certain “changes in circumstances,” such as in household income or family size, could alter how much eligible taxpayers receive in health insurance premium tax credits, the IRS cautioned on Friday.

Pages


Already a member? log in here.