Planning for IRS Audits in an Era of Uncertainty
Using the economic substance doctrine as a general anti-abuse rule
In its ongoing crusade against so-called “basis-shifting” transactions, the Internal Revenue Service has created widespread uncertainty regarding the tax treatment of routine transactions.1 For example, last year, the IRS released Revenue Ruling 2024-14,2 establishing its position that the tax effect of certain related-party basis adjustment transactions should be disallowed under…
TEI Holds Federal Tax Course – Level 1
TEI held its annual Federal Tax Course – Level 1 from May 19 to 23 at the Georgia Tech Hotel and Conference Center in Atlanta. This year’s course welcomed more than seventy attendees from across the United States. Over the five-day program, participants engaged in a robust lineup of educational… Read more »
Jared Guidry
Dallas Chapter
When you talk with Jared Guidry about tax, you immediately get the sense that you’re speaking with someone who loves what he does. After more than three decades in the field—and a decade leading the tax department at Exyte—it’s no surprise that his passion is matched by deep expertise. But…
Region 10
Holds Annual Conference in Dana Point, California
TEI Region 10 held its 2025 Annual Conference from May 21 to 23 at the stunning Waldorf Astoria Monarch Beach Resort & Club in Dana Point, California. Over three days, attendees engaged in a robust lineup of educational sessions, networking opportunities, and thought-provoking discussions. The conference kicked off on Wednesday,…
Follow-Up to Decluttering EU Tax Reporting & Compliance
After successfully grabbing the attention of the European Commission with the results of their most recent survey, members of TEI’s EMEA Chapter and International Tax Committee, in cooperation with the European Business Initiative on Taxation, were given another opportunity to provide feedback on country-by-country reporting (CbCR) and the latest European… Read more »
Transfer Pricing and Valuation in Financial Transactions
The impact of OECD and IRS guidance on credit rating, debt capacity, and interest rates
Business transactions such as mergers, acquisitions, and reorganizations often necessitate the pricing and valuation of financial transactions. Applying different standards may result in different pricing or valuation for the same financial transaction. Therefore, identifying the appropriate valuation standard is crucial. Companies must comply with ever-evolving financial and tax reporting requirements…
Preparing for Successful SALT Audits
Most of the work should occur long before the state tax notice arrives
Audit preparedness is crucial, since federal and state agencies have increased auditing to make up for budget deficiencies. In the complex, ever-evolving state and local tax (SALT) landscape, maintaining audit readiness and efficiently managing the audit process can be challenging for businesses, especially for entities operating in multiple tax jurisdictions.…
TEI Holds Seventh Annual Tax Technology Seminar
TEI welcomed more than 170 attendees, 137 speakers, and twenty-eight technology exhibitors to beautiful Renton, Washington, this past month for three full days of sessions, networking, and hands-on learning. This year’s seminar featured nearly forty sessions covering a wide array of tax technology topics, including artificial intelligence in tax, digital… Read more »
TEI Executive Director Elected as Fellow to American College of Tax Counsel
On February 21, the American College of Tax Counsel (ACTC) board of regents elected TEI Executive Director Pilar Mata to be an ACTC fellow. ACTC membership is reserved for tax leaders who have made an exceptional contribution to their chosen profession, and the organization provides a venue for tax attorneys… Read more »
AI in the Tax Department: Getting Tax a Seat at the Table
Artificial intelligence (AI) is reshaping business functions rapidly, yet many tax departments are still playing catch-up. Whereas marketing and sales teams often receive significant attention from organizations—with customer-driven analytics and automation—tax often remains an afterthought in broader AI discussions. It lacks the immediate, high-visibility impact of customer-facing applications, but its… Read more »
AI in the Tax Department: Getting Tax a Seat at the Table Artificial intelligence (AI) is reshaping business functions rapidly, yet many…
TEI Roundtable No. 51: The Future Corporate Tax Department As tax moves into the future, in-house professionals are experiencing…
The Impact of AI in R&D Tax Credits For the last several years we’ve heard that artificial intelligence…
Making Sense of CAMT Complexity The corporate alternative minimum tax (CAMT) under Section 55 of…
Breaking Down Real-Time Controls in Global Tax As governments implement digital approaches to tax filing, reporting, operations,…
Question: What Are the Key Updates in the FASB Income Tax Disclosure Requirements? In 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards…