Content continues to be added to the databases in Lotus Notes. Here is a list of the items added in February & March:
Tax Planning Tools
Strategies, Ideas, Templates & Manuals
• Maximizing the Recurring Item Exception Strategy
• Accounting Method Change Opportunity for Repairs Idea
• Maximizing the Deductibility of Cost Recovery Allowances on Temporary Idled Equipment and Facilities
Tax Practice Policy
The Tax Practice Policy database is updated on a quarterly basis. The next scheduled update will be next month regarding Section 6694 Paid Preparer Penalties, Section 7216 Consents, Conflict of Interest, etc. Check back next month for a list of updated items.
Tax Compliance & Reference
The new items are located in the What’s New view within the database. Highlights include
• American Recovery and Reinvestment Act (ARRA) summary, client letter and opportunities
o Cancellation of Indebtedness
o Corporate Debt Restructuring
o COBRA Changes
o Bonus Depreciation Extensions
• Cost of Goods Sold Generate Section 172(f) Losses Available for 10-yr Carryback
• Section 7216 Consent Forms
• Conflict of Interest Waiver Letters
• Disclaimer of Representation Letter
• Tax Advice Templates
• Arrangement Letter Inserts for R&D Credits and FAS 109 Services
• Arrangement Letters for Tax Return Review Services and Loaned Staff Arrangements
• Guidelines for the 2008 Form 1065 and FAQ
• Various SALT Alerts
o AZ Tax Amnesty
o IA Non-Resident Withholding for Pass-Throughs
o MA Incentives for Life Sciences Corporations
o TX Compliance Solicitation Scam Notice
The items released have been developed based on input from member requests as well as recent developments in tax. If you have areas you would like to see developed or have questions on any of the tax tools databases, please contact Steve Kampa at steve.kampa@rsmi.com or 651-488-1537. |