Category Archives: Uncategorized

49ers Football Coming to Santa Clara Beginning August 2014!

http://www.huffingtonpost.com/2012/02/15/49ers-moving-to-santa-clara-stadium_n_1280504.html

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Important federal incentives (R&D Credit/100% Bonus Deprec) not likely to receive extension during 2011

http://finance.yahoo.com/news/business-tax-breaks-boot-payroll-101300201.html

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U.S. District Court Denies Taxpayer Sampling to Ease Research Credit Substantiation Burden

In refund suit involving Code Sec. 41 credits for qualified research expenses (QREs), amended statistical sampling motion which taxpayer/multinational health and science corp. brought in response to allegedly unduly burdensome govt. discovery request, requesting that taxpayer identify each business component … Continue reading

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Deal reportedly reached to extend payroll tax cut

It’s been reported that a tentative deal has been reached to extend the payroll tax cut through the end of 2012. The deal also would extend unemployment insurance, and implement the “doc-fix” (which prevents Medicare reimbursement rates to doctors from … Continue reading

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FinCEN gives certain investment advisor employees and officers even more time to file FBARs

Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced in a Notice that certain employees and officers of an investment advisor with only signature authority over certain foreign financial accounts, who are required to file Form TD F 90-22.1, Report of … Continue reading

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House Republicans introduce “backup plan” for extending payroll tax cut only

Very little progress has been made by the committee in charge of coming up with a bill to extend the payroll tax cut through the end of 2012, as well as extend unemployment insurance and put in place another Medicare … Continue reading

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President’s FY 2013 budget proposals carry numerous tax changes

On February 13, the President released his federal budget proposals for fiscal year 2013, and, on the same day, the Treasury released its “General Explanations of the Administration’s Fiscal Year 2013 Revenue Proposals” (the so-called “Green Book”). The revenue proposals … Continue reading

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Temp regs provide guidance on rules preventing splitting of foreign tax credits from income

IRS has issued temporary (and final) regs on the application of Code Sec. 909, which was added by the Education Jobs and Medicaid Assistance Act (EJMAA, P.L. 111-226, 8/10/2010) to address situations in which foreign income taxes have been separated … Continue reading

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Final regs clarify taxpayers’ eligibility for foreign tax credit

IRS has issued final regs clarifying eligibility for the foreign tax credit. Specifically, they provide additional guidance for determining who is considered to pay a foreign tax for purposes of the foreign tax credit. The regs affect taxpayers claiming direct … Continue reading

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Irish Finance Bill Continues Pro-Business Provisions

On February 8, 2012, the Irish Minister for Finance released the Irish Finance Bill 2012 which continues the pro-business focus of Irish economic policy. Read bill text: http://www.finance.gov.ie/viewdoc.asp?DocID=7136.

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