Tax Services
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.
Most Popular Insights
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.
President Obama’s Business Tax Reform Proposals Announced
If enacted, the President’s business tax reform proposals would have a significant impact on U.S. businesses and investors.
President Obama's 2013 budget proposal includes estate and
gift tax changes
To achieve the $4 trillion in deficit reduction while generating billions of dollars of increased spending to boost the economy, the administration's fiscal year 2013 budget proposal includes changes to certain estate and gift tax provisions.
President Obama’s 2013 proposed budget includes numerous tax changes for individuals and businesses
The administration’s proposal contains both new initiatives and many plans that the administration has advanced unsuccessfully in the past. Read our overview and watch for an in-depth analysis soon.
President Obama Delivers State of the Union Address:
Analysis and Insights
In President Obama's 2012 State of the Union address, he focused on fairness and equality, job creation and energy reform with tax as a key focus in each area.
The IRS reopens the OVDI program
The Offshore Voluntary Disclosure Initiative (OVDI) was reopened by the IRS Jan. 9, 2012. This initiative provides taxpayers with undisclosed income from offshore accounts yet another opportunity to "come clean" and avoid the possibility of criminal prosecution.
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.
New IRS employment classification VCSP is not right for all employers
A new IRS Voluntary Classification Settlement Program (VCSP) lets employers voluntarily reclassify workers as employees and gain a reduced tax rate for the year of reclassification. But employers eligible for the section 530 safe harbor may want to consider what they are giving up to gain the benefit.
Tax Controversy Web Seminar Series
Join Washington National Tax professionals Bob Adams and Patti Burquest for a the continuation of our four part tax controversy web seminar series.
Obama’s American Jobs Act proposal includes many tax cuts, credits
Obama proposes $447 billion in tax breaks, other initiatives in his American Jobs Act.
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.
HIRE Act Offers Tax Breaks for Employers and Other Incentives
Passed on March 17, 2010, the Hiring Incentives to Restore Employment (HIRE) Act offers employers a tax credit and a limited "payroll tax holiday." Other provisions include enhanced expense treatment for new equipment, extended eligibility for tax credit bond issuers, and increased funding to highway and transit programs.
NOL Carryback Change Offers Significant Tax Benefits
The recent change to the NOL carryback period offers real benefits to companies that understand how to maximize tax benefits while avoiding potential pitfalls.
