Washington National Tax
Informed Solutions to Complex Challenges
Understanding the impact of existing tax laws is hard enough. The constant stream of new legislation, rulings and interpretations compounds the challenge. We work to rapidly address your complex issues through a wide range of domestic and international planning and advisory services. Constantly in contact with tax officials and legislators, we offer early insights to help you understand and plan for the ramifications of emerging legislation and rulings before they affect your business.
Clarity instead of confusion. Confidence instead of concern. A single resource with the knowledge and access to deliver answers that you can count on. That's the power of being understood SM.
Most Popular Insights
The application of the U.S. FATCA rules to international investment funds
Foreign investment funds face potentially burdensome withholding and reporting requirements under the new U.S. FATCA rules. While the application of these rules may change somewhat in forthcoming IRS guidance, it is very likely that the FATCA rules are here to stay.
Washington policymakers debate deficits and taxes
If history is any guide, the issue of the size of the growing U.S. national debt is most likely to be addressed by Congress only when another economic crisis demands action or as a result of a major political shift that gives one side or the other control of both the Congress and the White House.
White House provides fiscal year 2014 budget proposals
On April 10, the Treasury Department released its explanation of the Obama administration's fiscal 2014 revenue proposals (including detailed revenue estimates) contained in the president’s proposed budget. Containing numerous business and revenue-raising provisions, the budget also includes a proposal to increase estate, gift, and generation-skipping transfer (GST) taxes, substantially reversing the fiscal cliff agreement enacted into law in January.
President Obama’s State of the Union speech
The President remains committed to reducing the deficit in a balanced way as part of an overall plan for jobs, shared growth and tax and entitlement reform.
The future of Obamacare
After surviving numerous political and legal challenges, the toughest challenge may be the implementation of President Obama’s signature health care initiative.
Understanding the new tax law: A preliminary view
With the passage of the American Taxpayer Relief Act of 2012, almost everyone’s federal taxes will go up in 2013. Does the new tax structure actually represent a move forward, backwards or sideways?
New LB&I knowledge management strategies:
IPGs and IPNs
What you need to know about issue practice groups (IPGs), international practice networks (IPNs), and the impact the new IRS knowledge management strategy may have on your company.
Are Worker Classification Issues “Under Construction” by the IRS?
Independent contractors or employees--are you classifying workers accurately?
The Greek Debt Crisis
View a recent CNBC interview with Ramon Camacho, Washington National tax international tax leader, who discusses possible implications for some U.S. taxpayers.
Informational returns are required for certain organizational actions
Entities treated as corporations for tax purposes are now required to meet Form 8937 filing requirements for certain organizational actions, which can include certain tax-free stock dividend distributions, tax-free spin-offs, nontaxable cash/property distributions, and tax-free recapitalizations.
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.
Managing IRS Examinations: Business and International Taxpayers
Read an overview of the IRS LB&I organization, its processes for examination selection, what a company can do to prepare for the examination and understand the various resolution modeling options available to the taxpayer.
FBAR Reporting Deadline Approaching
U.S. taxpayers with a financial interest in a foreign account with a balance in excess of $10,000 at any time during the year must file the Report of Foreign Bank and Financial Accounts (FBAR), which must be received by the IRS on or before June 30, 2011. Some U.S.taxpayers who have signature authority over but no financial interest in such accounts have a one-year extension to June 20, 2012.
The Trouble With Mergers: Tax Concerns Within the Banking Industry
Find out how to mitigate tax concerns associated with three types of statutory mergers that could lead to trouble.
The Obama 2012 Budget Proposal: Analysis, Insights and Predictions
Detailed analysis of some of the most significant 2012 budget proposals, their potential tax effects.
Obama Tax Compromise Passes: Tax Cuts Extended, Business Incentives Enhanced
Sweeping bill includes business stimulus credits and provisions.