BDO News

This is a feed of the latest BDO USA Tax Publications.

Wayfair FAQs – Top Questions About the U.S. Supreme Court Decision and Economic Nexus Laws

The U.S. Supreme Court’s Wayfair decision issued June 2018 is one of the most significant changes to state tax in more than 50 years. States may now subject a business to state taxes even if the business has no in-state physical presence. While the implications for businesses are broad and ... read more

Tax Planning Timeline

BDO’s interactive tax planning timeline outlines key dates for businesses and individuals. 

 

 

Treasury Issues Proposed Regulations for Global Intangible Low-Taxed Income, Section 951A

Summary

On September 13, Department of the Treasury and the Internal Revenue Service (collectively, Treasury) issued proposed regulations (REG-104390-18, hereinafter, the Proposed Regulations) implementing Section 951A.  

Details

I. Section 951A Section 951A requires U.S. shareholders of any controlled foreign corporation (CFC) for any taxable year to include in gross income the shareholder’s global intangible ... read more

Tracking global equity: the role of automation in cost-savings and compliance

By Peter Klinger and Joe Pancamo  

How to manage global equity compensation is an increasingly complicated question. The answer? Automation.

The world is getting smaller, and while the emergence of a globally mobile workforce has allowed companies to maximize talent where it’s most needed, it has simultaneously generated a host of challenges when ... read more

Hurricane Florence Relief

The IRS announced on September 15 that taxpayers affected by Hurricane Florence may qualify for relief from certain filing deadlines, tax payments, and other time-sensitive acts.  As of September 17, the extensions apply to taxpayers in Beaufort, Bladen, Brunswick, Carteret, Columbus, Craven, Cumberland, Duplin, Harnett, Lenoir, Jones, New Hanover, Onslow, ... read more

Tax Reform Update: Latest News and Resources as of Q3 2018

Following the passage of the Tax Cuts and Jobs Act (TCJA), BDO covered its expected impact to taxpayers.  Now, three-quarters of the way through 2018, we’ve summarized many of the additional changes to federal tax law as a result of the TCJA and what to expect next.  See below for ... read more

5 Steps to State Sales/Use Tax Compliance in the Wake of Wayfair

On June 21, the U.S. Supreme Court issued its widely anticipated decision in Wayfair. The Court held that states may require businesses to collect and remit sales and use taxes even if the business has no in-state physical presence.

The Wayfair decision means that states are now free to subject companies ... read more

6 Questions to Measure your Wayfair Tax and Compliance Risk

On June 21, the U.S. Supreme Court issued its widely anticipated decision in South Dakota v. Wayfair. The Court held that states may require a business to collect and remit sales and use taxes even if the business has no in-state physical presence.

The Wayfair decision means that states are now ... read more

The Disallowance of Moving Expenses and Its Impact on Domestic and Global Mobility Programs

On December 22, 2017, the enactment of tax reform (also known as the Tax Cuts and Jobs Act) brought about widespread changes to includable and excludable items, with moving expenses being one of the most notable.

Prior to tax reform, qualified moving expense reimbursements were excludable from an employee’s gross income, ... read more

BDO Transfer Pricing News – September 2018

Transfer pricing is increasingly influencing significant changes in tax legislation around the world. This 28th issue of BDO’s Transfer Pricing Newsletter focuses on recent developments in the field of transfer pricing in India, Israel, Italy, the Netherlands, Peru, and the United Kingdom. As you can read, there are interesting developments ... read more