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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 April and May:
Tax Planning Tools
Strategies, Ideas & Manuals
- Maximizing the Value of NOL and Credit Carryovers Strategy
- 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
Coming soon:
- 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 April and May include:
- 401k Plan Sponsors Receiving IRS Questionnaire
- Downstream Merger Following Distribution of Unwanted Subsidiary Ruled Tax Free
- Erroneous AMT Calculations for Certain Section 1250 Property
- Therapeutic Discovery Project Program Guidance
- American Power Act
- HIRE Act FAQs
- 9100 Relief for Making Extended NOL Carryback
- Treatment of Warrants Issued in Debt Restructuring
- 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
- Various SALT Alerts
- State Taxation of Series LLCs
- IL Manufacturer’s Purchase Credit
- PA Tax Amnesty Programs in Pennsylvania
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@mcgladrey.com or 651.488.1537. |