alerts
Featured Alert
WeiserMazars LLP Tax Alert: The Marketplace Fairness Act of 2013
May 16, 2013
On May 6, 2013 the US Senate passed the Marketplace Fairness Act of 2013 (the “Act”) , which would authorize states to require “remote” sellers to collect sales tax on taxable sales to customers, whether or not the seller has a physical presence in that state. We summarize the Act’s provisions and its potential implications here!
Other Recent WeiserMazars Alerts
WeiserMazars LLP Tax Alert: U.S. Customs & Immigration Services Issues New Form I-9
May 8, 2013
United States Customs and Immigration Services published a revised Form I-9 (Employment Eligibility Verification) on March 8, 2013. The new form contains three major revisions and must be completed and retained by every employer, in conjunction with each newly hired employee.
WeiserMazars LLP Tax Alert: Significant Tax Reform Targeted in FY 2014 Budget Plan
April 22, 2013
On April 10, 2013 President Obama released his budget proposal for fiscal year 2014. Central to the budget are numerous tax-related items designed to simplify the tax code, close down perceived abuses, raise revenue, and stimulate the economy. These provisions could have significant consequences for many taxpayers – see how they could affect you!
WeiserMazars LLP Tax Alert: FATCA & International Compliance Updates
April 16, 2013
In this month’s Tax Alert, we discuss the ongoing impact of FATCA including efforts in the UK, France, and Europe to combat tax evasion followed by an in-depth discussion of the different categories of Deemed Compliant Entities under the upcoming regulations.
WeiserMazars LLP Tax Alert: Gaied v. New York State, Tax Court Denies Foreign Tax Credit for Transactions Lacking Economic Substance
March 19, 2013
In this month’s Alert, we discuss the aggressive new precedent in the application of statutory resident rules set by Gaied v. New York State and the U.S. Tax Court’s determination in Bank of N.Y. Mellon Corporation v. Commissioner that a taxpayer was not entitled to claim foreign tax credits arising from a transaction that lacks economic substance.
WeiserMazars LLP Tax Alert: Treasury and IRS Issue Final FATCA Regulations
January 18, 2013
On January 17, 2013, the U.S. Treasury and IRS published the final Foreign Account Tax Compliance Act (FATCA) regulations, implemented in order to combat offshore tax evasion. Read our alert to learn more.
WeiserMazars LLP Tax Alert: Wage Theft Prevention Act Notices Due
January 17, 2013
Are you in compliance with the 2011 Wage Theft Prevention Act? Read our alert to see our discussion of the act’s provisions and what you need to do to ensure your compliance.
WeiserMazars LLP Tax Alert: Congress Passes Legislation to Avoid Fiscal Cliff
January 3, 2013
The recent Congressional deal to avoid the fiscal cliff holds a number of important tax and exemption changes that all taxpayers should review in light of the looming end of fiscal year. Real our alert to see how the fiscal cliff deal affects you.
Tax Relief for Victim's of Hurricane Sandy: Effect on 1031 Exchanges in Progress
December 20, 2012
As a result of Hurricane Sandy, the Internal Revenue Service announced that it is extending certain deadlines, including deadlines related to the completion of a like-kind-exchange under section 1031 of the Internal Revenue Code.
WeiserMazars LLP's 2012 Year End Guide for Controllers
December 19, 2012
Controllers are presented with many tasks at the end of the calendar year. This memo is intended to provide guidance, reminders, and tips about certain responsibilities that will need your attention in the next few weeks, and includes an update of rates and limits for 2013.
WeiserMazars LLP Year-End Tax Planning Alert: Part II
December 11, 2012
Our Year-End Tax Planning Alert, Part II, features articles for year-end tax planning including The Patient Protection Act and New Medicare Taxes and Retirement Plans, IRAs, Health Plans, and other Compensation Matters.
WeiserMazars LLP Year-End Tax Planning Alert: Part I
December 10, 2012
Our Year-End Tax Planning Alert, Part I, features articles for year-end tax planning including Gift and Estate Planning and 2012 Year-End Income Tax Planning Guide.
Private Client Services Alert - Superstorm Sandy, First Steps Toward Recovery
November 6, 2012
Now that Hurricane Sandy's destruction has passed, our thoughts turn toward recovery. Read WeiserMazars' checklist of things you can do to help get you and your business back to normal.
November Tax Alert 2012 - The Fiscal Cliff, Quality Stores, Inc. Decision & 2013 IRS Limits Announced
November 1, 2012
In "The Fiscal Cliff," our professionals review what issues are faced by today's divided Congress and President Obama. The proper handling of severance payments and the recent announcement of 2013 IRS Limits are also discussed in this alert.
October Tax Alert 2012 - Metropolitan Commuter Transportation Mobility Tax Found Unconsitutional
October 18, 2012
On August 22, 2012, a Nassau County Supreme Court found the Metropolitan Commuter Transportation Mobility Tax unconstitutional. And while New York State is challenging the ruling, if the ruling is upheld, taxpayers may be entitled to refunds of any Commuter Tax previously paid. Read more in our alert about how to file your protective refund claim.
October Tax Alert 2012 - FATCA Model Intergovernmental Agreement Released
October 5, 2012
With the recent issuance if the FATCA Intergovernmental Agreement (IGA), the U.S. Treasury and IRS have provided insight into what the industry will be required to implement and by when in order to meet compliance. Our professionals' review of IGA identifies both welcome changes and areas of concern for the industry.
August Alert 2012 - PCAOB Releases Interim Inspection
August 23, 2012
On August 10th, the PCAOB released a temporary inspection of broker and dealer audits, which identified “deficiencies in all of the audits” that were examined. The audit profession must now wait for a final conclusion to be drawn from further inspections.
Financial Trends Review - 2012 Tax Election to Discount P&C Loss Reserves
August 20, 2012
In our August Financial Trends Review, learn about how choosing company or industry payment patterns can provide P&C insurers with a uniquely proactive tax planning opportunity for cash flow tax savings and financial statement benefits.
August Tax Alert 2012 - Pending Tax Issues Face Congress This Fall
August 15, 2012
Members of Congress recently headed home for the August recess leaving behind several pending tax bills, which are likely to remain unresolved until after the November 6, 2012 election. Our August tax alert examines some of the many issues that will be discussed upon Congress' return.
July Tax Alert 2012 - Senate Passes Tax Bill Extending Bush Tax Cuts
July 30, 2012
On July 25, 2012, the Senate passed the Middle Class Tax Act of 2012, which extends the 2001 and 2003 "Bush tax cuts" for joint taxpayers with income less than $250,000. Read more about "the Act" as well as the IRS' new focus on in-house tax advisors and the impact of new repair regulations on businesses.
July Tax Alert 2012 - Supreme Court Health Care Ruling
July 2, 2012
On June 28, 2012, the Supreme Court made several ground-breaking decisions regarding health care coverage in the United States. Learn more about the decisions and the details of the court’s ruling in our July Tax Alert.
June Tax Alert 2012 - Issue 2
June 8, 2012
In Issue 2 of our June Tax Alert, learn more about the Department of Labor’s final regulations on the ERISA service provider disclosures as well as the fiduciary issues surrounding qualified retirement plans.
June Tax Alert 2012 - Issue 1
June 8, 2012
This alert contains a variety of discussions concerning recent tax planning and compliance topics. Articles include the Supreme Court’s recent six-year statute rule clarification and the soon-to-be finalized limited partnership IRS regulations.
February Tax Alert 2012 - Reduced Payroll Tax Extended
February 29, 2012
On February 22, the Middle Class Tax Relief and Job Creation Act was passed and signed, extending the payroll tax cut through 2012. In this alert, learn more about the “Act” as well as IRS information return penalties and expiring federal tax provisions.
2011 Year-End Guide For Controllers
February 22, 2012
Each year-end, controllers face many challenging tasks and changing situations. This alert is intended to provide guidance, reminders and tips to help controllers navigate the end of 2011 and the start of 2012.
Real Estate Insights - FASB Proposed Accounting Standards Update
February 15, 2012
This alert discusses the "Real Estate - Investment Property Entities" update proposed by the Financial Accounting Standards Board (FASB) on October 21, 2011. The update is expected to change the accounting processes of many real estate entities.
February Tax Alert 2012 - FATCA to Significantly Alter Tax Reporting
February 8, 2012
On February 8, 2012, the IRS proposed regulations to the Foreign Account Tax Compliance Act (FACTA). FATCA will go into effect on January 1, 2013 and will have a major impact on the way corporations worldwide interact with entities in the United States.
January Tax Alert 2012 - Expenditures of Tangible Property Costs
January 25, 2012
This alert contains articles on tangible property cost expenditures, new individual income tax return requirements and IRS conduit financing regulations. Plus, learn the details behind Michigan's new Corporate Income Tax, or CIT.
January Tax Alert 2012 - Wage Theft Prevention Act
January 11, 2012
As mandated by the Wage Theft Prevention Act, employers must provide a yearly notice of basic payment and company information to employees between January 1st and February 1st of 2012. Read here for further details.
January Tax Alert 2012 - Reduced Payroll Tax Rate
January 5, 2012
Learn more about the details behind the 60 day extension of the reduced payroll tax rate as well as expiring tax relief provisions affecting individual taxpayers.
