Real tax savings aren’t achieved at just the federal, international, state or local levels – they are realized through a disciplined, integrated approach that anticipates how each tax challenge informs all others to deliver real savings for your company.
McGladrey Tax Summit Series
5/14-6/13/2013, various locations
Most Popular Insights
Changes in tax rules governing tangible assets and repairs
Financial institutions that remodel or refresh a branch will be subject to new federal tax rules.
The American Taxpayer Relief Act of 2012
Learn how this new legislation impacts tax planning and compliance for individuals and corporations.
Understanding the new tangible asset regulations
Many financial and tax executives still need to assess how these new rules will impact their company’s tax filings and financial statements for 2012.
Are Worker Classification Issues “Under Construction” by the IRS?
Independent contractors or employees--are you classifying workers accurately?
New health care act presents financial issues for both employers and employees
Substantial new mandates, penalties, or taxes may be imposed in 2014 on employers and employees under provisions of the Internal Revenue Code added by the new health care act. Virtually all employers and employees will need to evaluate the potential consequences and choices these new rules create.
The Supreme Court rules on healthcare
On June 28, the Supreme Court decided that the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (together the ACA) are largely constitutional. The ACA contains a broad array of taxes that impact both individuals as well as employers and the court’s ruling validates these new tax provisions.
Claiming Bonus Depreciation for 2011
To qualify for 100 percent bonus depreciation, date acquired must be determined.
IRS issues highly anticipated method changes rules for tangible asset regulations
Taxpayers should take the time now to determine the impact of complying with the tangible asset regulations and method changes that will need to be made to be in order to make appropriate estimated tax payments and financial accounting adjustments.
IRS publishes FAQs and other guidance under the 2012 Offshore Voluntary Disclosure Program
The IRS recently released the much anticipated list of frequently asked questions for its current offshore voluntary disclosure program, which was announced in January 2012.
Repairs regulations finally issued on capitalization of
tangible asset costs
On Dec. 23, 2011, the IRS released the highly anticipated regulations regarding the deduction and capitalization of tangible asset costs in temporary and proposed form. Two companion revenue procedures will be issued in the coming weeks to provide transition rules for changes to comply with the temporary regulations.
IRS Extends FBAR Filing Deadline for Individuals with Signature Authority Only - For Years 2009 and Earlier
IRS Notice 2011-54 extends the deadline for filing FBARs to November 1, 2011, for persons with signature authority over, but no financial interest in, designated foreign accounts in calendar years 2009 or earlier.
Bonus Depreciation Guidance Questions Answered
The much anticipated guidance on the bonus depreciation provisions enacted as part of the Small Business Jobs Act of 2010 and the Tax Relief, Unemployment Insurance Re-authorization and Job Creation Act of 2010 was finally issued the week of March 28, 2011.
Writing Off 2011 Capital Investments – Initial Treasury and IRS Guidance
At the ABA tax section mid-year meeting, Treasury and IRS discussed bonus depreciation issues including transition rules for fiscal year taxpayers, 50 percent bonus depreciation elections, and acquisition date details.