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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 February and March:
Tax Planning Tools
Strategies, Ideas & Manuals
- Energy Grant Program Idea
- F Reorganization Structuring: Synthetic 338(h)(10) Structure Idea
- Intercompany Service Expense Review Idea
- Avoiding Section 197 Treatment on License Agreements Idea
Coming soon:
- Self Constructed Property Embedded Cost Review Strategy
- Applying the Consolidated Unified Loss Rules Strategy
- Bankruptcy & Section 382 Limitation Maximization Strategy
- Warranty Reserves Strategy
Tax Practice Policy
The Tax Practice Policy database is updated on a periodic basis. The last update was in February, 2010 and included the following items:
- Policy 3.06 Uncompensated Tax Returns
- New policy regarding returns prepared for friends and family
- 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 February and March include:
- Extended NOL Carryback Period
- Protective Refund Claims for FICA Tax on Severance Payments
- Health Care Reform Passed & Summary
- Hiring Incentive to Restore Employment (HIRE) Act Passed & Summary
- China Tax Update
- COBRA Subsidy Extended Again
- FBAR Guidance Issued
- Research Credit for Prototype Development
- S Corp Management Letter
- Treatment of Prepaid FDIC Assessments
- Proposed Changes to the IMMEX Rules
- Tax Compliance Reporting of Uncertain Tax Positions
- Expensing of Repairs vs. Capitalization Change in Accounting Method as a Tier I Issue
- Grouping Loss Activities for Current Tax Deductions
- Treatment of Transaction Costs and Documentation of Investment Banking Fees
- Various SALT Alerts
- WA Tax Clarification on Taxation of Digital Products and Services
- CO Tax Law Changes
- MI Proposes Legislation to Overturn SBT Filing Requirements for Disregarded Entities
- Mandatory Uniform Combined Reporting
- MI DOT Notice to Taxpayers
- WA Proposed Legislation
- OR Increases Tax Rates
- KY Working Group Tax Plan
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. |