Classifying income critical in sourcing determination
Many U.S. companies use foreign source income rules as part of their tax planning strategies. The credit for offsetting foreign taxes paid can reduce U.S.…
read moreCash in on accounting knowledge to accrue tax benefits
Taxpayers can use a wide variety of accounting techniques to keep their books. Cash and accrual methods along with hybrids of the two are used…
read moreTake advantage of low interest rates in estate planning strategies
Current laws on gifts and estate taxes couple with historic low interest rates and depressed asset values to allow unheard of ways to pass wealth…
read moreA tax shelter timeline: How did we get to this?
Corporate tax planning in the 1990s became a high stakes game where more and more consultants were selling “packages” to large companies that often used…
read moreGet a prize, lose a deduction
Warm fuzzy feelings and a good tax deduction are no longer enough in charity fundraising. Charities go to great lengths to court donors, often offering…
read moreCCH INCORPORATED to Provide IRS with Comprehensive Tax Research Information
CCH Teams with LexisNexis to Serve Federal Tax Agency Needs (RIVERWOODS, ILL., December 10, 2003) – CCH INCORPORATED (CCH), a leading provider of tax law…
read moreCongress Adjourns for Year Leaving Major Tax Legislation Pending for 2004
The House on December 8, 2003 passed and sent to the President the Servicemembers Civil Relief Act (HR 100). The legislation includes provisions to stay…
read morePresident Signs Medicare Prescription Drug Legislation
The President on December 8, 2003, signed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003. The tax provisions of the bill include the…
read moreSenate Passes Medicare Prescription Drug Legislation
The Senate on November 25, 2003 passed the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 by a vote of 54 to 44. The…
read moreHouses Passes Medicare Prescription Drug Legislation
The House on November 22, 2003 passed the Medicare Prescription Drug, Improvement, and Modernization Bill of 2003 (H.R. 1) by a close vote of 220…
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