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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 January and February:
Strategies, Ideas & Manuals
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Intercompany Service Expense Review Idea
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Avoiding Section 197 Treatment on License Agreements Idea
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S Corporation Debt Review Strategy
Coming soon:
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Self Constructed Property Embedded Cost Review Strategy
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F Reorganization Structuring: Synthetic 338(h)(10) Structure Idea
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Applying the Consolidated Unified Loss Rules Strategy
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Bankruptcy & Section 382 Limitation Maximization Strategy
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Warranty Reserves Strategy
The Tax Practice Policy database is updated on a periodic basis. The last update was in February, 2010 and included the following items:
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Policy 3.06 Uncompensated Tax Returns
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New policy regarding returns prepared for friends and family
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Guidelines on the use of E-Filing
Tax Compliance and Reference
The new items are located in the What’s New view within the database. Highlights from January and February include:
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Treatment of Prepaid FDIC Assessments
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Proposed Changes to the IMMEX Rules
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Tax Compliance Reporting of Uncertain Tax Positions
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Expensing of Repairs vs. Capitalization Change in Accounting Method as a Tier I Issue
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Grouping Loss Activities for Current Tax Deductions
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Treatment of Transaction Costs and Documentation of Investment Banking Fees
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409A Plan Document Corrections Program
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New Anti-Avoidance Rule for Intercompany Stock Sales
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China Tax Update
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IRS Updates Procedures for Requesting Accounting Method Changes
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ARRA of 2009 Provides Tax Relief to Corporations Restructuring Debts
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Back to Back Loans Do Not Create Basis for S Corporation Shareholders
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COBRA Subsidy Extension
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Important Retirement Plan Document Deadline Approaching
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Back to Back Loans Do Not Create Basis for S Corporation Shareholders
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Various SALT Alerts
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Mandatory Uniform Combined Reporting
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MI DOT Notice to Taxpayers
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WA Proposed Legislation
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OR Increases Tax Rates
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KY Working Group Tax Plan
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States Responding to Budget Crisis
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.
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