Sales and use tax compliance is not a simple process. In the United States, there are over 11,000 taxing authorities with constantly changing sales tax rates and laws. The rules and regulations for each taxing jurisdiction are slightly different…

Since the collapse of Enron, Congress has been ratcheting up laws encouraging insiders to rat out financial wrongdoers and tax cheats by offering substantial mandatory cash bounties for information leading to additional tax collections, penalties or…

Executive compensation remains under the microscope of politicians, shareholders and shareholder advisory firms. A major point of contention revolves around benefits provided to executives in connection with a change in control. Surprisingly, these…

Section 382 can best be described as an intricate construct that usually numbs the mind with its complexity and often baffles the senses with its result. Since its revision as part of the Tax Reform Act of 1986, Section 382 has largely been a form-…

2012​ - Issue 1 -  Just in time for the holidays, the IRS released new temporary regulations addressing the treatment of expenditures for tangible property. The regulations provide some certainty and help with some administrative concerns, but…

Many buyers and sellers of businesses do not consider state income tax consequences until after a deal has been completed. Ignoring state tax considerations at the outset of a transaction may put you in an adverse negotiation position, particularly…

With your Thanksgiving turkey long digested and the holiday season in full swing, what better time to take a few moments away from your celebrations and shopping to read about the state of tax-related material weaknesses in 2011. With your year-end…

As businesses increasingly rely on rapidly evolving remote or outsourced information technology (IT) accessed via the internet (colloquially called “The Cloud”), tax planning in general enters into relatively new territory as well. Setting transfer…

Part 3 of a Three-Part Series  ----  How Is Your Cloud Taxable? Let Us Count the WaysAs businesses increasingly rely on rapidly evolving remote or outsourced information technology (IT) accessed via the internet (colloquially called “The…

Part 2 of a Three-Part Series  ----  How Is Your Cloud Taxable? Let Us Count the WaysThe business model is changing rapidly in many industries, especially in the technology sector. Before, customer revenue and operational efficiencies were…

While the world's major economies continue to recover or stagnate, businesses continue to invest judiciously in research and development (R&D). There is a common view among nations that it is essential to provide business enterprises with tax…

Does your business issue gift cards or sell gift cards on behalf of another retailer or service provider? If so, a recent New Jersey case that has been appealed to the Third Circuit Court of Appeals may affect your business.When you think of…

Debate continues over the role of infrastructure projects, including government incentives, in job creation. Before weighing in on the debate, it is important to look at some developments related to existing incentives for infrastructure spending.…

Transaction activity appears to be on the rise, particularly initial public offerings (IPOs). Companies considering or preparing for an IPO should ensure they are prepared so they can cross home plate and earn extra runs.On Deck, Getting Ready to…

What should a tax director do to obtain tax advice that will provide penalty protection? Recently, the Tax Court, in Canal, laid out a list of things that will cause a taxpayer to lose its penalty protection. Did the Tax Court go too far?…

The Aftermath Hurricane Irene, which tormented the East Coast as summer was coming to a close, was the latest storm in a record year for natural disasters. The Federal Emergency Management Agency has issued a total of 77 disaster declarations…

Now that another tax filing deadline is behind us, many organizations will begin to shift their focus from tax return compliance to tax planning for current and future operations. Some of these areas may include transferring assets or entering into…

In these uncertain economic times, there is an increased focus on any opportunity to improve cash flow. For acquirers of Subchapter S corporations, this often means ensuring the availability of a step-up in the tax basis of the S corporation’s…

The Joint Committee on Taxation recently released a report highlighting the growth in foreign investment in the U.S. over the past two decades. Notably, from 1993 to 2009, net foreign investment increased from 6.8 percent to 18.2 percent of gross…

The last few weeks have been a wild ride for the global economy. Between the violent swings in the stock market, continuing high unemployment and mixed earnings results on Wa l Street, a company's fortunes can change rapidly. With the continued…