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What’s New in Tax Tools |
Check out the What’s New view in each of the databases for the most recent posts. Here is a list of the items added in November and December:
Tax Planning Tools
Strategies, Ideas & Manuals
- Applicable High Yield Discount Obligation (AYHDO) Cleanser Idea
- Inventory Trade Discount Strategy
- Deduction for Bonus Accruals Strategy
- Income Tax Treaty Diagnostic Idea
- Change from Bank Reserve Method Strategy
Coming soon:
- S Corporation Debt Review Strategy
- Intercompany Service Expense Review Idea
- Self Constructed Property Embedded Cost Review Strategy
- Applying the Consolidated Unified Loss Rules Strategy
- Warranty Reserves Strategy
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
- Changes to thresholds, definitions of ‘covered transaction’
- Reporting and training requirements updated
The next update will be in January of 2010. Check back for a list of updated items.
Tax Compliance and Reference
The new items are located in the What’s New view within the database. Highlights from November and December include:
- COBRA Subsidy Extension
- Important Retirement Plan Document Deadline Approaching
- Back to Back Loans Do Not Create Basis for S Corporation Shareholders
- Mexico Tax Reform Bill
- 2009 Form 1040 Organizer
- FIN 48 Tools for Not For Profit Entities
- 2009 Year End Planning Checklist
- Extended NOL Carryback Provision Signed into Law
- Pension Plan Limitations for 2010
- Extended NOL Provision Signed into Law
- Worker Homeownership and Business Act Materials
- Performance Based Compensation Guidance
- Various SALT Alerts
- IL Law Affects Taxation of Health Insurance
- CA Enterprise Zone Expanded
- New Tax for New York
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. |