Source: Timothy Freeman
Traditional tax planning initiatives and the resulting impacts to the corporate entity structure are under fire. Increased scrutiny from taxing authorities and corporate auditors has set the bar for tax planning at a whole new level. To improve tax performance and meet a more stringent set of regulations and other requirements, a new approach to structural planning is needed - one that "rationalizes" an entity structure by examining all possible structural moves and measuring the resulting tax and operational benefits...
Source: Louise Meyers
If you're one of these web-based retailers running an affiliate marketing program, you need to be aware of what can potentially come your way with the Amazon tax laws and what your options are. Sure, you can sever all ties with affiliates in states with Amazon taxes. However, that may be the equivalent of cutting off your nose to spite your face. If you don't want to simply drop your affiliates outright, you will have to face many legal and practical difficulties in continuing your affiliate programs in these states. Thomson Reuters can help guide you through these potentially shark-infested waters.
Source: Teresa Sharp and Heather Horacek
With the 2011 property tax compliance season fast approaching, taxpayers should be aware that there are many proactive steps that can be taken to assist in minimizing personal property tax liability. Manufacturers can utilize several specific opportunities and strategies to ensure a thorough and thoughtfully presented return.
Source: Claire Crossman
As the timeline for the corporate financial reporting process continues to become increasingly condensed, the tax department needs quicker access to data to meet crucial requirements and deadlines. From the beginning of the tax life-cycle, tax departments spend a significant amount of time and energy capturing and manipulating necessary data, which influences the efficiency, accuracy, risk and control of their tax planning, compliance, and audit functions. An approach to data storage, that has structure and rules, can significantly contribute to creating a controlled, efficient environment.
Source: Steve Goldman
In Dec. 2009, the IRS published a report announcing that it intended to regulate paid tax return preparers who are not otherwise authorized to practice before the agency (unenrolled preparers). Publication 4823, Return Preparer Review. The purposes of this initiative are to increase tax compliance and to help ensure that tax return preparers are knowledgeable, skilled and ethical.
