There is a little known opportunity that many hospitality companies are unaware of that can provide an immediate tax cash savings. If you have conducted renovations to your hotel in the past, you may be in a position to take advantage of recently released Internal Revenue Service (“IRS”) regulations. This article provides a brief background of the opportunity, outlines the characteristics of companies who can benefit, and then provides a roadmap for how to take advantage of this benefit.

This edition of Tax Advisor Weekly discusses some of the potential U.S. tax consequences of failing to provide the fair market value and adjusted basis as required under the new GRA regulations, explains how the new GRA regulations may affect the reporting requirements for international tax reporting forms that are unrelated to outbound transfers of stock (which generally require a GRA), and provides some recommendations for avoiding potential adverse U.S. tax consequences for failing to provide adequate information to the IRS relating to the fair market value and adjusted basis of certain assets.

Although more Americans than ever have private insurance or Medicaid coverage due to the Patient Protection & Affordable Care Act (PPACA), access to care continues to worsen as the number of primary care physicians has not kept pace with the clinical demands of an aging population and newly covered patients. The need for additional care settings, along with recent increases in patient out-of-pocket costs, has prompted the growth of non-traditional health care delivery settings such as retail clinics and urgent care centers.

Although more Americans than ever have private insurance or Medicaid coverage due to the Patient Protection & Affordable Care Act (PPACA), access to care continues to worsen as the number of primary care physicians has not kept pace with the clinical demands of an aging population and newly covered patients. The need for additional care settings, along with recent increases in patient out-of-pocket costs, has prompted the growth of non-traditional health care delivery settings such as retail clinics and urgent care centers.

This edition of Tax Advisor Weekly explores the Kafkaesque nature of Personal holding companies (PHCs) and recounts the story of how an antiquated law that was enacted to curtail certain long-abandoned tax avoidance transactions is, more than eighty years later, still wreaking havoc on the lives of modern-day taxpayers.

It’s not immediately obvious what this has to do with a BLT sandwich or with building a great team, but Tom Elsenbrook, leader of Corporate Performance Improvement, promises to make that connection — if you'll give him a minute or two.

The Financial Accounting Standards Board (FASB) is working on a project to simplify accounting and tax accounting for stock-based compensation under Accounting Standards Codification (ASC) Topic 718 (formerly known as FAS 123(R)).

This edition of Tax Advisor Weekly focuses on the key technical requirements, planning opportunities, process controls and methodology changes available to taxpayers to increase the amount of deductible meals and entertainment expenditures.

2015-Issue 12—There are a number of reasons why a company might consider moving its corporate headquarters, relocating key operations or outsourcing certain aspects of its business. Once the decision has been made to execute such a material organizational change, managing the human factor becomes paramount to a successful transition.

The U.S. economy is constantly fluctuating, which makes for an ever-changing landscape in corporate America.

Subchapter K, the codification of partnership taxation, can involve deemed transactions that raise the specter of gain recognition under a number of anti-deferral provisions or simultaneous transactions where an ordering of steps is necessary to determine the tax consequences to the parties. .

The proposed EU-U.S. Privacy Shield is designed to replace the now defunct Safe Harbor scheme which was developed to protect the transfer of personal data between the EU and the United States. However, the framework only addresses one aspect of risk in dealing with data.

Reimbursing and substantiating business travel expenses can be cumbersome and time-consuming. It usually involves employees collecting receipts as they travel and maintaining records that note the time, place and business purpose of each expenditure.

On April 1, 2015, the U.K. is introducing a new tax, the Diverted Profits Tax (DPT), which has been dubbed the “Google tax” by the media. It is aimed at aggressive tax planning that erodes the U.K. tax base.

On 1 April 2015 the UK is introducing a new tax, the Diverted Profits Tax (“DPT”) which has been dubbed the “Google tax” by the media. It is aimed at aggressive tax planning that erodes the UK tax base.