The Current State of the Tax Provision Process

Article:  In the May issue of AICPA Corporate Taxation Insider, Vertex and AICPA surveyed corporate tax and accounting professionals to gain insight into the global tax provision process. In just six short questions we obtained a snapshot of how corporations are currently handling provision, as well as the challenges they face.
Published on January 28, 2011

M&A Transactions Enhanced With Off-Balance Sheet Assets

Article:  I received a call last week from an out-of-state Private Equity Fund (PEF) that focuses on targeting companies operating in urban areas reminding me how little time is spent by companies during the acquisition phase to identify some pretty low-hanging fruit.
Published on January 28, 2011

Foreign Tax Credit Reform

Article:  In order to fund education and Medicaid relief, foreign tax credit reform measures were incorporated into HR 1586 signed into law on August 10, 2010. The changes address the concern of the administration and Congress that U.S. multinational corporations are reducing their U.S. taxes by shifting income abroad to affiliates
Published on January 28, 2011

Renewed Focus on Worker Classification

Article:  Proper classification of workers as employees or independent contractors is a decade’s old problem. "Section 530" of the Revenue Act of 1978 which was intended to provide temporary relief while Congress studied solutions, is still with us. The work world of 1978 is not the same as that of today.
Published on January 28, 2011