| Back |
What's New in Tax Tools |
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 May and June:
Tax Planning Tools
Strategies, Ideas & Manuals
- LLC Restructuring for Value Freeze Strategy
- Bankruptcy & Section 382 Limitation Maximization Strategy
- Maximizing the Value of NOL and Credit Carryovers Strategy
- Rescuing Retirement Plans in Trouble Idea
- Self Constructed Property Embedded Cost Review Strategy
- Debt Workout Strategy
- E&P Study Strategy
- Installment Sales and Self-Cancelling Installment Notes Strategy
- Debt Conversion vs. Capital Contribution under Section 108 Strategy
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 May and June include:
- Intangible Assets
- Small Business Premium Tax Credit Calculator
- Cafeteria Plan Amendments
- Mechanics of Extended NOL Carryback Calculation When Previous NOLs Were Claimed
- New Markets Tax Credit Audit Guide
- Proper Timing of Pension Contribution Payments
- 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
- Various SALT Alerts
- FL Tax Amnesty Program to Begin Soon
- CT Passes Tax Credit and Creates a Sales Tax Exemption
- State Taxation of Series LLCs
- IL Manufacturer’s Purchase Credit
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.
|