Ask the Experts
IRS Appeals Conferences During the Pandemic
The Expert: Bill Colgin
A few months after COVID-19 closed Internal Revenue Service buildings and employees were sent home to work remotely, the reality of a backlog of pending matters led IRS Appeals to awaken and move forward again. Appeals officers, Exam teams, and taxpayer representatives tentatively began holding Appeals conferences and meetings using… Read more »
Excise Taxes
The Expert: Debbie Gordon
Often to their detriment, many businesses are not focused on excise taxes and in fact may be unaware of them entirely. The truth is, excise taxes may have serious financial impacts on companies. In some cases, excise tax exposure may be material to a business. In the current uncertain economy,… Read more »
Automation and Analytics Through a Digitally Transformed (and Remote) Workforce
The Experts: Andy Ruggles and Allison LeClair
Our current environment is magnifying pressures on tax functions to take action in a changing regulatory landscape characterized by marketplace uncertainty, demands for accelerated reporting, better risk management, and greater use of technology in day-to-day operations. There is no perfect time to take the first step toward implementing new automation… Read more »
IRS Transcripts
The Experts: Alina Solodchikova, Mary Slonina, and Whitney Brady
Internal Revenue Service tax transcripts can be a valuable tool when a tax professional is amending a tax return, filing a tentative claim for refund, verifying entity elections, tracking payments and credits, monitoring the IRS’ processing of filings, and determining information about an entity, like its filing status and the… Read more »
Uncertain Times, Uncertain Costs: Deducting Expenditures Subject to Pending Insurance Claims
The Experts: Lee Kelley, Kandyce Korotky, and Jeffrey Zink
With the global pandemic COVID-19 upending business operations worldwide, companies are incurring unexpected—and often large—costs. Some of these costs may ultimately be covered by insurance. Given the unprecedented circumstances, however, there are bound to be questions and disagreements about which of those costs are covered by companies’ insurance policies. When… Read more »
RPA, DLT, ML, and AI: The New Normal in the Tax Function
The Expert: Anli Chen
As recently as five years ago, technologies such as robotic process automation (RPA), distributed ledger technology (DLT), machine learning (ML), and artificial intelligence (AI) were mere technology buzzwords for most tax professionals. Now, rarely do you see an organization that is not incorporating these technologies into its strategic plan for… Read more »
Digital Tax
The Experts: Kathrine Kimball, Sofie Stas, and Su Merck
Question: Why should a “non-digital-born” company be concerned about digital tax? It’s a valid question. Many taxpayers that operate in traditional, supply-chain-based business models rightfully tuned out of the Organisation for Economic Co-operation and Development’s (OECD’s) earliest discussions of digital tax, thinking it was exclusively for “digital-born” taxpayers. However, the… Read more »
Korean Versus U.S. Tax Controversy Practice
The Expert: Michael Quigley
There are key differences between South Korean and U.S tax practices, which all professionals involved in a Korean subsidiary’s tax audit should note. Question: What’s the best way to manage your Korean subsidiary’s tax audit while avoiding frustration and surprise? After leading the tax controversy groups at two outstanding global law… Read more »
10 Best Practices for Unclaimed Property Compliance
The Expert: Michelle Moloian
Unclaimed property compliance reporting requirements may seem simple to some tax practitioners, but the lack of proper historical documentation can cause problems during an audit. Question: How can companies ensure they are in compliance with unclaimed property reporting requirements? Answer: On the surface, unclaimed property (UP) compliance reporting seems straightforward.… Read more »
Cost-of-Performance Versus Market-Based Sourcing
The Expert: Jamie Yesnowitz
Calculating how to source sales to determine a company’s state corporate income tax sales factor (and overall apportionment factor) drives how much that company ultimately will pay in tax to the states. The basis of the economy has shifted over time from the sale of goods toward the sale of… Read more »
Tax’s Role in Tech Transformation As tax experiences its own transformation with technology, companies are…
Key Challenges and Opportunities for Tax Directors in a Tightening Economy Navigating a tightening economic cycle—characterized by prolonged high interest rates…
State and Local Tax Implications for a Remote Workforce State and local tax issues related to remote workforces have…
TEI Roundtable No. 48: AI Implementation in Today’s Tax Landscape As artificial intelligence (AI) gains traction throughout the business world,…
The Rise of the Excise Tax In August 2022, Public Law No. 117-169—commonly called the Inflation…
Question: How Can Companies Take Advantage of Digital Assets With No Tax Impact? Digital-asset-based loyalty and reward programs allow companies to create a…