Some Implications of 100% Bonus Depreciation
This item discusses optimization of the 100% bonus depreciation deduction, highlighting some of its implications and peculiarities.
Published on April 17, 2012
New Developments in Sourcing Services for Telecommunication Companies
Effective planning and recordkeeping in the apportionment area call for an in-depth understanding of a taxpayer’s business model, including technology-based processes and the related cost accounting systems used, in order to source revenues to the appropriate jurisdiction
Published on April 17, 2012
Managing New Schedule M-3 Disclosures
The most recent change to Schedule M-3, for 2010 and following tax years, requires new disclosures of research and development (R&D) costs and Sec. 118 exclusions from income of nonshareholder contributions to capital for corporate filers
Published on August 24, 2012
Sales Tax Audit Best Practices
This article discusses common issues in state sales tax audits and gives tips and best practices for each part of an audit life cycle.
Published on July 25, 2013
Royalty Payments Not Subject to Capitalization Under Sec. 263A
A recent decision provides a potential opportunity for taxpayers that will incur royalty payments to structure the agreements in such a manner that they can immediately deduct royalty costs instead of capitalizing them under Sec. 263A
Published on September 01, 2010
Tangible Property Costs and Repair Expenditures Regs.
The IRS issued long-awaited regulations regarding the treatment of expenditures incurred in selling, acquiring, producing, or improving tangible assets, including rules on determining whether costs related to tangible property are deductible repairs or capital improvements
Published on February 29, 2012
AICPA News Update - July 27, 2012
In this issue: Comments Submitted to IRS on Accounting Method for Income from Gift Card Receipts, AICPA Signals Support for Fraudulent Tax Preparer...Your Membership by July 31, Health Care Expert Panel Develops TPA on Accounting for Costs Incurred During ICD-10 Implementation, Accounting and
Published on September 07, 2012
Accounting Method Changes Under the Tangible Property Regulations
This article details the method change rules under the current automatic consent procedural guidance and discusses the method changes that would be necessary to early adopt provisions of the temporary regulations.
Published on January 11, 2013
IRS Issues Guidance on Accounting Method Changes for Repair Regs.
The IRS issued two revenue procedures detailing how taxpayers may obtain IRS automatic consent to the accounting method changes required by the new repair and tangible property regulations
Published on April 30, 2012
Adoption of IFRS and Human Capital Readiness
One of six key areas the U.S. Securities and Exchange Commission will be investigating in 2011. Is your firm ready?
Published on February 03, 2011