Tax News & Views

 INSIGHTS FROM OUR NATIONAL TAX OFFICE

JANUARY 30, 2017 

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 link shown in each summary.
 
Proposed Regulations Likely to Increase Pension Funding Costs
On December 28, the IRS released proposed regulations updating the mortality tables used by most defined benefit pension plans. The new tables, if finalized, are to be used for plan years beginning on or after January 1, 2018. Learn more.
 
OECD Final Report: Erosion and Profit Shifting by Multinational Companies
On October 5, the Organisation for Economic Co-operation and Development (OECD) released the final deliverables on its Action Plan on Base Erosion and Profit Shifting (BEPS). The OECD BEPS initiative is directly aimed at purported tax avoidance strategies used by multinational companies, wherein profits are shifted from jurisdictions that have high taxes (such as the United States and many western European countries) to jurisdictions that have low (or no) taxes (so-called tax havens). Learn more.
 
Year-End Tax Reporting Information
Our updated letter regarding year-end tax reporting information is now available for download . You can also access it by going to our  home page  and clicking Tax Services from the Services list.
 
2016 Year End W2/1099 Book
The 2016 W2/1099 Eide Bailly Year-End Book can be found here. This book contains helpful information and forms for 2016.
 
Pocket Tax Guide
Our pocket tax guide for 2016 tax rates is now available! Click here to download this resource.
 
International Business Expansion
Eide Bailly is a member of HLB International, a global network of independent professional accounting firms and business advisors around the world. If you are looking to transition into the global market, click here  or contact us to learn more about HLBI resources you could find helpful.
 
Tax Trends Webinars
The Tax Trends Webinar Series is designed to offer education and information on issues impacting your business. Our next sessions will discuss IRS Hot Topics and Value Added Tax. 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.

855.889.5508
eidebailly.com/tax NationalTaxOffice@eidebailly.com

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. © 2017 Eide Bailly LLP.