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Michael Leopold

Articles 1 - 10 of 11

IRS-Issued Guidance on Blended Corporate Tax Rates

With the new tax law in effect on January 1, 2018, and many corporations having fiscal year-ends that differ from a calendar (December 31) year-end, the

Increased Penalties for Failure to File an FBAR to Report Foreign Financial Assets

The Financial Crimes Enforcement Network (FinCEN) recently announced inflation-adjusted penalties for failure by U.S. persons to file a Report of Foreign

Tax Reform Series: International Tax Implications from the House and Senate Tax Bills

This month, the U.S. House of Representatives and Senate both released proposed laws looking to dramatically reform taxation in America. On November 16,

UK Country-by-Country Reporting Notification Due September 1

For large businesses operating in the UK, the first country-by-country (CbC) reporting notification is due to Her Majesty's Revenue and Customs (HMRC)
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The "Big Six's" Joint Statement on Tax Reform

A group of ranking members of both the legislative and executive branches recently issued a statement listing their goals for unified tax reform. The "Big

Internal Revenue Service Disagrees with Stine Ruling on When Depreciation Starts

One benefit to owning a building is the ability to expense it over time. Tax depreciation starts on an asset’s “placed in service date,”

Final IRS Regulations on Country-by-Country Reporting Are in Line with the OECD's BEPS Plan

The Internal Revenue Service (IRS) recently finalized (TD 9773) proposed regulations on the Country-by-Country (CbC) reporting of financial information

OECD's Country-By-Country Reporting Exchange Activated

This spring, the Organization for Economic Cooperation and Development (OECD) took another step toward implementation of global Country-by-Country (CbC)
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Welcome Due Date Changes for Businesses and Individuals This Tax Season

Now that we are past the extended deadlines for calendar year entities, we can look forward to the changes in store for tax year 2016. The Surface Transportation

An Apple a Day Doesn't Keep the E.U. Commission Away

In today’s global economy, taxes for multinational enterprises can get elaborate, particularly as entities operate in multiple taxing jurisdictions
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