Here is a list of the items added in September and October:
Tax Planning Tools
Strategies, Ideas & Manuals
• Research and Development Tax Credit Study Strategy Updated
• Deferring Cancellation of Debt Income in Partnership Idea
• Inventory Assessment Strategy
• Partnership Abandonment or Worthlessness Idea
• Tax Client Situation Review Matrix Ideas
• Prepaid Expense Deduction Maximization Strategy
• Self-Insured Employee Medical Expense Deduction Maximizer (IBNR) Strategy
• Bonus Depreciation Swap Strategy
Coming soon
• Inventory Trade Discount Strategy
• Change from Bank Reserve Method Strategy
• Income Tax Treaty Diagnostic Idea
• S Corporation Debt Review Strategy
• Deduction for Bonus Accruals Strategy
• Intercompany Service Expense Review Idea
Tax Practice Policy
The Tax Practice Policy database is updated on a quarterly basis. The last update in September included the following items:
• Policy 4.06 Reportable & Listed Transactions
o Changes to thresholds, definitions of ‘covered transaction’
o Reporting and training requirements updated
The next update will be in January of 2010. Check back for a list of updated items.
Tax Compliance & Reference
The new items are located in the What’s New view within the database. Highlights from September and October include:
• FIN 48 Implementation Tools for C Corporations and Pass Through Entities
• Employment Tax Audit Program to Begin Soon
• IRS to Suspend Examination of IRC 263A Auto Dealership Issues
• Switzerland Tax Update
• Cancellation of Debt Income Deferral Guidance
• Reportable Transaction and Material Advisor Compliance Program Guide
• China Tax Update
• Various SALT Alerts
o VA Releases Guidelines for Tax Amnesty Program
o Ontario PST Harmonization
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. |