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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 March and April:
 
Tax Planning Tools
Strategies, Ideas & Manuals
  • Warranty Reserves Strategy
  • Qualifying Therapeutic Discovery Project Credit Idea
  • Using S Corporation Stock to Fund a GRAT Idea
  • Applying the Consolidated Unified Loss Rules Strategy
  • Energy Grant Program Idea
  • F Reorganization Structuring: Synthetic 338(h)(10) Structure Idea

 

Coming soon:

  • Maximizing the Value of NOL and Credit Carryovers Strategy
  • Rescuing Retirement Plans in Trouble Idea
  • Self Constructed Property Embedded Cost Review Strategy
  • Bankruptcy & Section 382 Limitation Maximization Strategy
  • LLC Restructuring for Value Freeze 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:
  • Corn Based Ethanol Production
  • Service Grants Favorable Ruling on Specific Handling of Intangibles
  • Federal Tax Rate Card
  • Small Business and Infrastructure Jobs Act
  • Client Letters Explaining Health Care Reform
  • Filing Protective Claim for FICA Tax Tools
  • 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
  • Various SALT Alerts
    • PA Tax Amnesty Programs in Pennsylvania
    • 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

 

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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