Lead Tax Services
Your tax challenges do not exist in a vacuum – our Tax professionals help to ensure they aren’t addressed in one.
We combine a deep understanding of the most technical tax concerns with a proven approach to coordinating solutions through our federal, international, and state and local tax specialists.
We will work to develop a comprehensive understanding of your tax issues, and your strategy, markets and locations – driving value and reducing risk through a wide range of tax specialties, including accounting for income taxes, accounting methods and periods, corporate tax and transactions, federal credits and incentives, flow-through entity planning, IRS practice and procedure, and tax controversy.
Working together, we can build tax strategies and compliance solutions that control your exposure, risk and overall global tax expense, while seizing available planning opportunities. Your Lead Tax Services team gives you a single point of contact, with dedicated professionals ready to help you respond quickly and effectively to your tax issues.
Most Popular Insights
New "begun construction" rules apply for purposes of Section 45 renewable electricity production and Section 48 investment tax credits
Developers of qualified wind, biomass, and certain other renewable energy facilities may now qualify for the Section 45 renewable electricity production tax credit (PTC) for property on which construction has begun by Dec. 31, 2013. (5/25/2013)
The research tax credit
In an article with Tax Notes, McGladrey's David Click discusses the research tax credit. The credit was retroactively resurrected in January 2013 as part of the legislative process to avoid the Fiscal Cliff.
IRS addresses frequently asked questions on tangible asset regulations
At the May meeting of the ABA Section of Taxation, representatives from Treasury, the IRS Income Tax & Accounting Chief Counsel's Office, and the IRS Large Business & International Division addressed some of the frequently asked questions received since the release of the tangible asset regulations. (5/22/2012)
Proposed regulations issued on medical device excise tax
Treasury guidance on medical devices excise tax raises more questions. While congressional resistance makes the tax's future uncertain, manufacturers need to consider potential implementation costs in budgets and forecasts.
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 issues proposed regulations on retail inventory method
The proposed regulations address distortion issues that the IRS believes arise under Reg. section 1.471-8 as it is currently written and, as a result, are consistent with positions frequently taken by IRS agents as part of examinations of retailers.
Service issues much awaited guidance on cancellation of debt income deferral
While the enactment of IRC section 108(i) was welcome guidance to businesses, the statute itself left many questions unanswered as to the application of the law. Rev. Proc. 2009-37 answers many of those questions.
