Tax services
AudioDigest podcasts series
Final loss disallowance regulations: When one rule is not simple
The IRS has recently issued the consolidated tax return regulations containing the Unified Loss Rule (ULR). The ULR was issued as one of the latest developments in the IRS' effort to limit taxpayer's ability to claim uneconomic tax losses. The ULR articulates a single framework for taxpayers to determine their allowable loss on the transfer of subsidiary stock. Unlike previous loss disallowance regimes, the ULR is also of great importance to buyers, as it potentially limits loss duplication by reducing the tax attributes of the target corporation. In this podcast, members of PwC's mergers and acquisitions practice provide an overview of these complex rules by highlighting when the ULR may apply, how it may impact taxpayers, and what areas may warrant further consideration as a result of the issuance of this guidance.
Reducing risk: Section 1441, the IRM, and the impact on financial institutions and multinational entities
During this podcast, panelists from PwC's IRS Service Team provide insight on why the IRS has made this a Tier I issue and why they wrote the IRM, identify key areas where IRS revenue agents are likely to review, discuss IRS enforcement and compliance efforts associated with Form 1042 examinations with respect to multinational companies, highlight the primary industries identified by the IRS as being likely to have compliance failures, and outline key items that withholding agents should review to assess their own level of compliance.
Solving the mystery of IRS interest computations
The IRS is, at times, not very good at computing interest related to tax accounts. This may create significant refund opportunities for many taxpayers. Understanding the interest computations performed by the IRS, recognizing the errors that the Service most often makes, and periodically reviewing your tax accounts to identify these errors may help your company recover overpaid underpayment interest and/or additional overpayment interest — potentially large interest amounts that you may not be aware you are entitled to receive.
Electing to monetize unused research and AMT credits: The seven steps
The Housing and Economic Recovery Act of 2008 allows taxpayers to use pre-2006 AMT and research tax credit carryforwards to offset tax in lieu of claiming "bonus" depreciation. However, there are limitations on how much of these credits may be utilized to offset tax.
Globalization and the IRS response: What multinational companies need to know
In today's international marketplace, increasing globalization has created a number of challenges for multinational companies. Ever-increasing fiscal demands, competitive pressures, and regulation transparency and disclosure all contribute to an environment of tax risk and exposure. Furthermore, the IRS is more involved in the international arena by collaborating with taxing authorities in various treaty countries, sharing audit techniques, and exchanging tax information.
The outlook for tax legislation affecting tax-exempt organizations
PwC Exempt organizations tax services (EOTS) director Travis Patton and legislative and regulatory specialists Ed McClellan and Andrew Prior discuss the outlook for federal tax law changes in 2008 and beyond that could affect tax-exempt organizations.
The redesigned Form 990: Planning ahead
PwC Exempt organizations tax services (EOTS) practice managing director Howard Schoenfeld and director Laura Parello highlight key issues that organizations should be aware of regarding the redesigned Form 990.
Tax-exempt bonds post-issuance compliance: What you should know
In this podcast, PwC national tax services exempt organization’s partner Rob Friz and managing director Kaye Ferriter highlight key issues that organizations should be aware of regarding post-issuance compliance, including: documentation, record retention, private use, and arbitrage rebate. In addition, the speakers provide an overview of the current IRS focus on post-issuance compliance.
Penalties on the horizon: Complying with Section 1441
In this podcast, members of PwC's IRS service team, Maria Murphy, John Manton, and Candace Ewell, as well as Ben Van Vort, a member of PwC's advisory practice, share insights into the IRS increased focus on section 1441 compliance, penalties and what to expect, some practical ways that companies can more efficiently comply with the IRS policies in this area, and options for when compliance failures occur.
Risks ahead: The codification of the economic substance doctrine
In this podcast, PwC's legislative and regulatory services group partners Brian Meighan, Gray Fontenot, and Ed McClellan share insights into the history of the doctrine, its key features, and an overview of what changes can be found in the Finance Committee's revised proposal. In addition, the panel offers thoughts on the future of the doctrine and the implications it could have on corporate taxpayers on a go-forward basis.
High flying: The entertainment use of business aircraft
In this podcast, PwC fringe benefit and accounting methods practice members Rick Farley and Mathew Abraham share insight into the regulatory developments surrounding this issue, provide analysis on methods of imputing income to employees for personal use of aircraft, and identify the latest developments that are likely to change how company employees are affected when using corporate aircraft for personal entertainment use.
Apportionment trends: The impact of states' evolving formulas
In this podcast, PwC speakers Ken Turner, Michelle Zahler and Kelly Brown discuss the complexities associated with the sourcing of income, effective practices for operating under these new apportionment regimes, and how they affect a variety of industries.
Motoring on: Michigan business tax update
Michigan enacted a two-pronged tax, The Michigan Business Tax (MBT), that replaced the Single Business Tax (SBT) at the end of 2007. This "hybrid" tax is imposed on both a taxpayer's modified gross receipts and business income, institutes unitary combined reporting, and includes economic nexus standards. In this podcast, PricewaterhouseCoopers partner Greg Nowak and director Eric Burkheiser discuss some of the key changes the legislature has considered during the current session and the Department of Treasury's interpretations of the new tax.
Federal tax regulations affecting state employment tax filings: What companies need to know
In this podcast, speakers Walter Paul, partner and national leader of the PwC employment tax practice and Terry Phillips, a partner and leader of the east coast employment tax practice provide an overview of the federal legislation, discuss the impact on state obligations, and highlight steps companies should take to ensure compliance with the regulations.
New York: Insight into the Empire State's new combined reporting regime
In this podcast, presenters Jack Kramer, Jonathan Robin and John Verde provide insight, analysis, and explain the implications of the mandatory combined reporting provisions--including the implications of New York City's lack of conformity to these new rules.
Financial service industry under the microscope: State tax challenges in a changing environment
In this podcast, state and local tax financial services leader Michelle Zahler leads a panel discussion that provides insight and analysis on state legislative and controversy developments facing the industry focused on income/franchise and gross receipts taxation. Panelists Jane Steinmetz, Brian Rebhun and Archana Warner address state audit issues, explain the impact of recent cases and rulings, the potential impact of legislation on the industry, and provide some best practices the industry can employ when affected by these developments.
Michigan: Motoring past the single business tax
In this podcast, Michigan House Representative and chairman of the Michigan House Tax Policy Committee Steven Bieda and PricewaterhouseCoopers' Michigan state and local tax leader Greg Nowak address Michigan's new two-pronged tax, based on modified gross receipts and business income, that will replace the single business tax at the end of 2007.
On the Hill: Congress addresses state taxation
In this podcast PricewaterhouseCoopers (PwC) state and local tax specialists Bryan Mayster and Ferdinand Hogroian, as well as Don Longano, a partner in PwC's legislative and regulatory practice, discuss four legislative proposals: Internet tax moratorium; streamlined sales tax; business activity tax; and non-resident withholding proposal, within the framework of the 110th Congress.
Lifting the fog: State tax issues associated with FIN 48
This podcast highlights current taxpayer challenges and practical implementation considerations related to FIN 48.
Reporting road map: Navigating transfer pricing issues related to FIN 48
PricewaterhouseCoopers tax accounting and controls leader Dean Schuckman, assurance partner Jim Geary, and transfer pricing partners Katherine Treasure and Joe Andrus help pave the way through a discussion of the complexities inherent in transfer pricing, including accounting and disclosure requirements, unit of account determination, measurement considerations, and assessing competent authority across jurisdictions.
Health and wellness touchstone survey
In this podcast, William Rosenberg and Hollie Bialek talk with Employee Benefits Adviser about the key findings from PricewaterhouseCoopers' first-ever Health and wellness touchstone survey.
Review of the rules on executive compensation disclosure
December 22, 2006, the Securities and Exchange Commission published sweeping rules governing the disclosure of executive and director compensation. Since then, companies have been scrutinizing their executive compensation policies and processes through data management, risk management and internal control frameworks. Carl Weinberg, Charlie Wheeler and Andrew Katsoudas, professionals in PwC's human resource services practice, share knowledge and key learnings that we’ve seen after the initial implementation process, focusing on a few critical areas where they have seen things go right and/or wrong.
Deferred compensation: How will the final 409A regulations affect your organization?
Bill Dunn, a partner in PricewaterhouseCoopers' (PwC's) Human resource services practice, is joined by Susan Lennon and Anne Waidmann from our Washington national tax services practice, to highlight the key issues surrounding these regulations including short-term deferral rules, the treatment of stock options under 409A, separation pay and how to meet these new requirements in time.
Addressing changes to taxation of foreign nationals in UK
The UK Finance Bill 2008 will result in radical changes to the taxation of foreign nationals in the United Kingdom, the "resident, non-domiciled population". These changes are the most significant changes to this aspect of the UK tax system in 90 years. A substantial amount of work with Her Majesty's Revenue and Customs (HMRC) has been performed by PricewaterhouseCoopers in respect on the practical implications of this new law and how it will impact on foreign nationals working in the United Kingdom.
Driving retention through a better exit strategy
Saratoga professionals Scott Pollak and Robert Tate provide professional knowledge on the differences between an exit interview and an exit survey; they share some real world examples on how the proper exit survey strategy has helped a number of clients; and they discuss best practices on how to leverage a strategic combination of exit interviews and exit surveys to improve the overall exit strategy process.
Saratoga human capital effectiveness survey
Saratoga professionals, Scott Pollak and Michael Tindall share the results of the annual 2007/2008 human capital effectiveness survey. Four key themes are identified and discussed in detail including productivity gains, employee volatility, workforce results and investment in the HR department.
