Tax News & Views

 INSIGHTS FROM OUR NATIONAL TAX OFFICE

SEPTEMBER 13, 2016 
In Case You Missed It
 
The information below provides a short review of various tax information items from Eide Bailly. To read more, click the "learn more" link shown.
 
Proposed Regulations: Transfer of Intra-Family Interests
The Internal Revenue Service has issued proposed regulations designed to prevent what the IRS believes is the undervaluation of intra-family transfers of interests in corporations and partnerships for estate, gift and generation-skipping transfer tax purposes. Learn more.
 
Our upcoming webinars for advisors on September 19 and September 22 and for business owners on September 28 will discuss Section 2704 and the proposed regulations on the transfer of intra-family interests. Learn more. 
 
Affordable Care Act Update and Compliance Requirements
The Affordable Care Act has created complexity and an administrative burden for many businesses. There are a variety of things businesses need to be aware of, including the critical ACA compliance test, the departure of transitional relief, filing deadlines, and more. Learn more.
 
Nevada Commerce Tax Extension Requirements
We have received numerous questions from clients regarding compliance with the new Nevada commerce tax. The first Nevada commerce tax return and payment was due on August 15, 2016, for the taxable year beginning July 1, 2015, and ending June 30, 2016. Are you in compliance? Learn more.
 
Tax Trends Webinar Series: Wealth Management Update
Next up in our Tax Trends Webinar Series will be a Wealth Management Update. This webinar will be offered on September 19 and again on September 23, and will outline beneficial strategies for managing your wealth. This webinar will also discuss potential legislation that could affect your ability to plan in the future. Learn more.
 
Eide Bailly Releases Sales Tax Video
View our state and local tax services video to learn more about the various income and sales and use taxes businesses need to be aware of when operating in multiple jurisdictions.

   
 

Eide Bailly's National Tax Office serves as a resource for clients to help analyze complex tax issues related to business decisions. Our professionals are committed to helping clients stay informed about tax news, developments and trends through various specialty areas, including cost segregation studies, wealth transfer, state and local taxation, international tax, IRS controversy and procedures, R&D tax incentives, tax-exempt organizations, tax legislation, accounting methods and pass-through entities.

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This article is intended to provide readers with guidance in tax matters. The article does not constitute, and should not be treated as professional advice regarding the use of any particular tax technique. Every effort has been made to assure the accuracy of the information. Eide Bailly LLP and the author do not assume responsibility for any individual's reliance upon the information provided in the article. Readers should independently verify all information before applying it to a particular fact situation, and should independently determine the impact of any particular tax planning technique before recommending the technique to a client or implementing it on the client's behalf. To request reprints of this publication, send a written request to RequestReprints@eidebailly.com. © 2016 Eide Bailly LLP.