The Obama Administration's Budget Proposals
Wednesday, March 17 and Wednesday, March 24, 2010
1 p.m. - 2 p.m. EST
Two-part Web seminar series
Part One: View the March 17 Web seminar recording
Part Two: View the March 24 Web seminar
In February, The Obama Administration submitted its 2011 budget proposal. The budget includes a number of revenue proposals, many of which were a part of The Administration's 2010 proposals (May 2009). RSM McGladrey has summarized the state of the current law and the proposed changes and will present them in an upcoming Web series.
On Wednesday, March 17 we discussed:
Provisions affecting businesses
- Making the research tax credit permanent
- Repealing LIFO Method of Accounting for Inventories
- Repealing Lower of Cost or Market Inventory Accounting Method
Provisions affecting high net worth individuals
- Individual income tax rate increases
- Tax rate increases on net long-term capital gains and qualified dividends
Join us on Wednesday, March 24 as we cover:
Provisions affecting U.S. taxation of foreign income
- Foreign tax credit reform: Determining the foreign tax credit on a pooling basis
- Increased disclosures and associated penalties for non compliance
