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New proposed qualified intermediary and qualified derivatives dealer requirements: Insights from the IRS
On July 1, the IRS released Notice 2016-42, providing the proposed qualified intermediary (QI) agreement for certain foreign persons to simplify their withholding obligations under IRC chapters 3, 4, and 61 and section 3406. The Notice also provides guidance on procedures for the qualified derivatives dealer (QDD) regime announced in temporary regulations last fall. Learn more about the practical impact of the rules and next steps.
OECD Base Erosion and Profit Shifting (BEPS) guidance encourages countries to tax digital services where they are consumed, and many countries are responding. How can your company plan for implications of a new VAT, GST, or other local sales tax footprint that digital sales may create? Learn about this important development in the global tax landscape.
Tax departments continue to use spreadsheets day-to-day across the tax function for planning, compliance, and reporting. How can your tax department get more from those activities? Explore new and effective ways to get the most from your spreadsheet usage and management.
For tax year 2015, companies had to demonstrate 70 percent compliance with ACA rules, and a good faith effort could avert penalties for inaccurate reporting. In 2016, the standard is 95 percent. What should you know? Learn about important factors for addressing 2016 compliance requirements.
The IRS Large Business & International (LB&I) division recently released Publication 5125, the LB&I Examination Process. The publication includes guidance on when an LB&I examination team will accept informal claims for refund and when formal claims for refund will be required, and it requires that all claims meet the standards of Treasury Regulation § 301.6402-2. What are those refund claim standards? Learn about the relevant standards and considerations for tax refund claims.
Recently issued ASU 2014-09 may significantly impact financial accounting, and therefore tax reporting. Why do tax executives need to be at the table to help companies analyze and adopt the new standards? Learn how this new standard could impact your company’s cash, indirect, and multistate taxes, as well as its potential global tax implications.
Among many digital initiatives, organizations are moving ERP systems to the cloud, leveraging new database technology, and deploying sophisticated analytical tools. How can tax departments capitalize on this trend to overcome longstanding data access and reporting challenges? Explore exciting new opportunities the digital age is creating for tax professionals.