Tax Reform

IRS Notice 2018-13: How it Affects Your Toll Tax Model

NEWS

January 26, 2018

IRS Notice 2018-13: How it Affects Your Toll Tax Model

In this update to our previous post on the toll tax, we highlight the key proposals in Notice 2018-13, noting particularly where changes will affect clients’ ongoing work to model the toll tax for end-of-year provision purposes.  

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Talking Toll Tax: Calculation and Provision Considerations for the New Year

NEWS

January 19, 2018

Talking Toll Tax: Calculation and Provision Considerations for the New Year

Since our last blog post about the deemed repatriation “toll tax,” tax reform was enacted into law on Dec 22, 2017. The SEC has also issued guidance on tax accounting for the deemed repatriation (“SAB 118”), and the IRS has issued preliminary guidance on proposed regulations concerning calculation of the transition tax. Read this article to learn toll tax calculation and provision considerations, and for a handy visual audit checklist.

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Taking the Sting out of Mandatory Repatriation: Consider OFLs, NOLs, and FTCs

NEWS

December 15, 2017

Taking the Sting out of Mandatory Repatriation: Consider OFLs, NOLs, and FTCs

As we approach the final stages in the tax reform process, the details and what-if scenarios are swarming. One detail everyone should be aware of is that the House and Senate bills impose a tax on the deferred foreign income of U.S. shareholders of CFCs as part of the transition to a territorial system of taxation. In short, the amount of non-previously taxed E&P of a U.S. shareholder’s CFCs is included in the shareholder’s 2017 Subpart F income.

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Practical Guide to Preparing for Tax Reform

NEWS

March 17, 2017

Practical Guide to Preparing for Tax Reform

View this webinar to learn practical strategies tax departments can execute now to maximize each U.S. company’s tax position in the following areas: Domestic Accounting Methods International State & Local/Indirect Tax Tax Accounting Tax Automation

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It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

NEWS

February 14, 2017

It’s Not the Plan That’s Important, It’s the Planning: Practical Guide to Preparing for Tax Reform

As President Donald Trump and the Republican-led Congress attempt to define a comprehensive tax reform package, details on policy changes are elusive. However, initial tax proposals released by the Trump Administration and House Republicans provide broad guidelines for what can be expected. As the saying goes, “it’s not the plan that’s important, it’s the planning” — so read on for what’s in the proposal, and a practical guide to preparing for tax reform.

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