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

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.

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.

foreign coins 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 Expectations 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.

swiss alps 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.

bailine 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.

forms The Obama 2012 Budget Proposal: Analysis, Insights and Predictions
Detailed analysis of some of the most significant 2012 budget proposals, their potential tax effects.

tax dictionary definition Obama Tax Compromise Passes: Tax Cuts Extended, Business Incentives Enhanced
Sweeping bill includes business stimulus credits and provisions.