Tax Court Ruling on Cost Segregation Studies Gives Taxpayers Something to Consider
By: Ed Meyette | April 13, 2012
Are you purchasing the assets of a business including a building? Do you plan on completing a cost segregation study after completing the purchase? If so, you should consider a new Tax Court ruling that might compel taxpayers considering the purchase of the assets of a business to conduct a cost segregation analysis before the purchase agreement is finalized or to appropriately structure the purchase agreement in a way to preserve the opportunity to perform a study subsequent to executing the agreement.
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Tags: Legislative Issues |
IRS News Release on Late Payment Options
By: David Holets | April 12, 2012
The Internal Revenue Service (IRS) issued news release IR 2012-40, on April 3, 2012, with its annual reminders about options to extend individual income tax returns. This year’s release has some useful information for taxpayers who need an extension to pay their taxes.
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Tags: Legislative Issues |
Restricted Stock Retirement Provisions
By: Tim Daum | April 11, 2012
Restricted stock is stock that has been transferred to a service provider but is subject to a substantial risk of forfeiture. For example, a company may grant 100 shares of stock to an employee but require the employee to continue employment with the company for five years in order to become vested in the shares.
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Welcome to the Federal Tax Briefing Blog
By: David Holets | April 11, 2012
To better reflect the content of this blog, we have renamed it the Federal Tax Briefing Blog. The Federal Tax Briefing Blog is a publication of the Crowe Horwath National Tax Office and will include postings relevant to finance and tax executives about current federal tax developments. All prior blog postings in the former Legislative Blog will be retained in the new blog. We look forward to providing you with timely, actionable information to help you navigate safely and profitably throughout the year. If you have questions, please contact David Holets at david.holets@crowehorwath.com or 317.706.2683.
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Tags: Legislative Issues |
Tangible Assets – Sorting Through the Regulations, Part 2
By: Dave Strong and Ed Meyette | April 04, 2012
Much-needed guidance on the recent tangible assets regulations was provided March 7, 2012, in the form of two revenue procedures (2012-19 and 2012-20). The revenue procedures help taxpayers sort through the intricacies surrounding adopting the monumental temporary regulations that were released on Dec. 23, 2011. As comprehensive as the revenue procedures are, some uncertainties still exist regarding the specific level of detail needed to compute the “catch-up” adjustment required by most of the various method changes.
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Tags: Legislative Issues |
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