Tax News & Views

 INSIGHTS FROM OUR NATIONAL TAX OFFICE

OCTOBER 18, 2016 
In Case You Missed It
 
The information below provides a short review of various tax information items Eide Bailly recently published. To read more click the "Learn more" link shown after each summary.
 
ALERT: New Email Scam
The IRS is alerting taxpayers and tax professionals that an email scam is circulating with fraudulent CP2000 notices, requesting payment related to the Affordable Care Act. The fraudulent notices instruct the taxpayer to send a check made payable to "I.R.S." to a P.O. box address. Learn more.
 
Cyber Security Awareness
October is National Cyber Security Awareness Month, and Eide Bailly recently teamed up with the Minnesota Lawyer to author an Expert Forum on the topic of cyber security. Learn more by downloading a whitepaper.  
 
IRS Proposes Regulations to Prevent Perceived Undervaluation
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.
 
ACA Update and Compliance Considerations Webinars
The Affordable Care Act has created complexity and an administrative burden for many businesses. The deadline for 2016 form completion is January 31, 2017. Are you prepared to comply? Please join us for an informational/educational webinar on October 24, 25, 26, or 27 for updated information related to the ACA. Click on a date to learn more or click on our new video discussing the latest in ACA compliance. 
 
 
 
Tax Trends Webinar Series: Estate Planning Update
Do you have an estate plan that arranges for your assets to be distributed the way you wish? Our Tax Trends webinar for October will focus on estate planning, and will discuss federal and state estate and gift tax planning, and return preparation, and what you need to know to be sure your desires are met. Learn more.

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.