March 2011

		The Impact of Mayo on the IRS Regulatory Process

		The Differential Influence of U.S. GAAP and IFRS on Corporations’ Decisions to Repatriate Earnings of Foreign Subsidiaries

		Winning an “Essence of the Transaction” Case in Texas

		Losing Your S Election — Winning the Game

		100% Federal Bonus Depreciation Makes 2011 the Year to Invest

The Impact of Mayo on the IRS Regulatory Process

In his monthly Tax Trends column in Taxes Magazine CCH Principal Analyst, Mark Luscombe, explains the impact of the recent Mayo decision on the IRS regulatory process.

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Magazine

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Related items of interest include:

Federal Tax Course: A Guide for the Tax Practitioner (2011)

Tax Legislation 2010: Law, Explanation & Analysis — Tax Relief,
Unemployment Insurance Reauthorization, and Jobs Creation
Act (2010)

Individual Tax Answer Book (2011)

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The Differential Influence of U.S. GAAP and IFRS on Corporations’ Decisions to Repatriate Earnings of Foreign Subsidiaries

In an article in the International Tax Journal, The Differential Influence of U.S. GAAP and IFRS on Corporations’ Decisions to Repatriate Earnings of Foreign Subsidiaries, Barry Jay Epstein and Lawrence G. Macy explain the differences in the required or permitted financial reporting of the tax effects of deferred repatriation of foreign earnings.

Read this article from the International Tax Journal
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Related items of interest include:

Practical Guide to U.S. Taxation of International Transactions
(8th Edition)

CCH Accounting for Income Taxes (2011)

International Accounting/Financial Reporting Standards Guide (2011)

U.S. Master GAAP Guide (2011)

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Winning an “Essence of the Transaction” Case in Texas

In the February issue of Corporate Business Taxation Monthly Rachel A. Wilson and Kirk Lyda discuss an “essence of the transaction” case before the Texas State Office of Administrative Hearings where the taxpayer had a compelling case that the transactions at issue involved a nontaxable customer referral service rather than a taxable direct-mail advertising service.

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Taxation Monthly

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Taxation Monthly

Related items of interest include:

Multistate Corporate Tax Guide (2011)

U.S. Master Property Tax Guide (2011)

Business Tax Answer Book (2011)

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Losing Your S Election — Winning the Game

The Journal of Passthrough Entities includes in the March-April issue, Robert C. Walthall’s regular S Corporation Corner column. In this issue, the analysis involves how a business can preserve the S election in the face of inadvertent S corporation elections and terminations.

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Passthrough Entities

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Entities

Related items of interest include:

Practical Guide to S Corporations (5th Edition)

Federal and State Taxation of Limited Liability Companies (2011)

Practical Guide to Partnerships and LLCs (5th Edition)

Multistate Tax Guide to Pass-Through Entities (2011)

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100% Federal Bonus Depreciation Makes 2011 the Year to Invest

The March-April 2011 issue of the Journal of State Taxation includes an article updating the news on credits and incentives, by Tim Schram and Daniel McGrath. 2011 is the year for businesses to invest thanks to 100 percent federal bonus depreciation provided by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 20101, which is available for qualifying purchases made before January 1, 2012.

Read this article from the Journal of State
Taxation

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Related items of interest include:

California Income Tax Laws and Regulations Annotated (2011)

Sales and Use Tax Answer Book (2011)

Oil and Gas: Federal Income Taxation (2011)

Tax Legislation 2010: Law, Explanation & Analysis — Tax Relief,
Unemployment Insurance Reauthorization, and Jobs Creation
Act (2010)

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Send us your comments: CCH-FocusOnTax@CCH.com

Taxes — The Tax Magazine


The leader in tax news and analysis. Critical analyses by top tax experts provide insight and strategy for tax consultants and their clients.

International Tax Journal


Focuses on the practical impact of tax regimes worldwide and the knowledge international tax attorneys require to advise their business clients.

Corporate Business Taxation Monthly


Covers issues involved with running a corporate business today. Each issue brings first-hand reports from practicing experts.

Journal of Passthrough Entities


Expert insights of tax ramifications of financial products, providing cutting-edge strategies, helpful planning tips, and on related tax developments.

Journal of State Taxation


Guidance and workable solutions from leading tax specialists on how to reduce your company’s or client’s state and local tax liabilities.

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