In the face of an increasingly aggressive IRS tax compliance program, when a company takes a hard look at its own federal
tax planning, compliance, and audit programs and decides upon its future strategy to remain competitive in the industry from the standpoint of it tax and tax compliance costs, it may be helpful to better understand these developments and their potential effect.
Given the complexities of
tax planning and the interaction of a given set of facts with the ever-changing tax law, the task force thought "should" best described the interpretation's applications.
Most succession-related
tax planning involves tradeoffs in areas such as cash flow, control and complexity.
Mr Croxford joins the firm from KPMG in Birmingham where he specialised in
tax planning for the entrepreneur.
It has its origins in the AICPA'S desire to provide adequate guidance to its members when providing services in connection with
tax planning.
The survey also found that a 1 percent rise in ETR was accompanied by a 14 percent increase in spending on
tax planning, a sign that high-ETR companies are turning to technology and the use of strategic
tax planning to strive toward lower ETRs.
Tax Planning with Life Insurance: Analysis with Forms, by Howard M.
Jeff Friedman of Sutherland Asbill & Brennan discusses state and local
tax planning ideas.
A flurry of recent legislation at the federal, state and city levels has significantly changed the
tax planning landscape for conducting real estate business in New York.
The rule will affect future
tax planning where taxpayers seek to use partnerships to delay recognizing gain on asset sales as well as try to create artificial losses.
