Practice and client management

Some mostly welcome clarification on taxation of deferred compensation

The European Commission’s finding that Ireland must collect as much as an attention-getting 13 billion euros ($14.5 billion) in back taxes from Apple Inc. contained a second stunning number: 0.005 percent.

Apple Inc. Chief Executive Officer Tim Cook said he’s confident the iPhone maker will win a court fight against this week’s European Union decision forcing it to pay Ireland vast tax arrears, as Prime Minister Enda Kenny struggled to unite his government behind an appeal.

The IRS has said that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to Louisiana flood victims and members of their families.

The days when big U.S. technology companies could easily slice tax bills in Europe are coming to an end.

The European Union’s finding that Apple Inc. owes Ireland more than $14 billion in back taxes reveals the high cost the U.S. Treasury may pay by failing to keep pace in a global effort to stem corporate tax avoidance—and Apple might represent only the first major U.S. loss.

The IRS does not notify taxpayers it identifies as victims of employment-related identity theft and has not established an effective process to send the required notice to the Social Security Administration, according to a new report.

The candidates get more specific on their tax plans

Tax experts dig into the presidential candidates’ tax plans

The United States trade balance is out of whack. Once again, the U.S. is losing big in the world trade arena.

The IRS is looking for applicants for vacancies on its Advisory Committee on Tax Exempt and Government Entities, which provides a venue for public input on relevant areas of tax administration.

The Internal Revenue Service generally recovers computers from departing employees, according to a recent report – but that might just be luck.

Apple was ordered to repay as much as $14.5 billion plus interest after the European Commission said Ireland illegally slashed the iPhone maker’s tax bill between 2003-2014.

The Tax Court ruled that an award for an employment discrimination settlement should be included in a taxpayer’s gross income – but that he could deduct his attorney’s fees in the case above the line.

Strategic planning needs to take account of the rest of your life

A roundup of our favorite recent tax fraud cases.

(Bloomberg) Apple Inc. is facing a potential tax bill running into billions of euros, according to people familiar with the situation.

Last week I wrote about benefits of attending practice management programs and gave a suggestion to try to make eight changes a year from each hour of the program. Today I am recommending some MAP books and repeat the suggestion of implementing one idea a year from each book.

The Internal Revenue Service is closing off admission to a program that allows large corporations to discuss and resolve their tax issues with the IRS before filing their tax returns, due to budget constraints.

According to recent news it appears advisory firms have started to increase their hiring efforts for seasoned restructuring professionals. This may signal a coming potential increase in bankruptcy filings. If so, fresh start reporting may once again become a critical issue.