Institute News
Introducing the 2017–2018 Executive Committee
TEI’s Annual Meeting on August 8 included the swearing in of the Institute’s 2017–2018 officers and the transition to the new Executive Committee. Robert Howren is the new international president; James Silvestri, senior vice president; Katrina Welch, secretary; and James Kennedy, treasurer. The remaining members of the Executive Committee are:… Read more »
TEI Members Hold Inaugural Liaison Meeting With FASB
On March 30, 2017, members of TEI’s financial reporting committee met with a delegation of Financial Accounting Standards Board (FASB) members and staff, marking the first face-to-face meeting between TEI and the FASB and accomplishing an Institute goal spearheaded by TEI’s current international president, Janice Lucchesi. The TEI group, led… Read more »
South Carolina Permits Reporting of Federal Income Adjustments Based on TEI Policy Statement
On December 8, 2016, the South Carolina Department of Revenue issued SC Revenue Procedure #16-1, which addresses how corporations may report federal income tax adjustments made by the Internal Revenue Service. Generally, corporations may report corrections or changes to a previously filed South Carolina return by filing an amended South… Read more »
TEI’s European Indirect Tax Committee
On January 31, members of TEI’s European Indirect Tax Committee met at Baker McKenzie’s Paris offices to discuss committee business and attend sessions led by Thierry Vialaneix, Baker McKenzie senior counsel, regarding European value-added tax issues.
TEI Advocates Updating State Statutes Governing the Reporting of Federal Income Adjustments at the National Conference of State Legislatures Meeting
On January 14, TEI Tax Counsel Pilar Mata, along with Fred Nicely and Nikki Dobay of the Council on State Taxation (COST) and Tom Shimkin of the Multistate Tax Commission (MTC), presented at the National Conference of State Legislatures (NCSL) Task Force on State and Local Taxation. The panel discussed… Read more »
TEI Participates in IRS Country-by-Country Association Roundtable
On January 12, TEI Executive Director Eli Dicker and Tax Counsel Benjamin Shreck participated in a roundtable discussion of the IRS’ administration of country-by-country (CbC) reporting. The discussion focused on the CbC forms, instructions and guidance, external communication and outreach, compliance, and enforcement issues, as well as international exchange and… Read more »
TEI Meets With State Commissioners at Federation of Tax Administrators Meeting
On January 11, TEI Tax Counsel Pilar Mata presented at the Federation of Tax Administrators’ joint new commissioners/midwinter commissioners meeting. She also met with state commissioners of revenue from around the country. Mata was invited to provide an overview of TEI’s mission, organization, and anticipated state and local tax priorities… Read more »
TEI Urges the Multistate Tax Commission to Update Its Model Statute Governing the Reporting of Federal Income Adjustments
On December 14, 2016, TEI Tax Counsel Pilar Mata, along with Nikki Dobay of the Council on State Taxation (COST), presented at the fall meeting of the Multistate Tax Commission (MTC) and urged the MTC’s uniformity committee to update its 2003 model statute governing the reporting of federal income adjustments.… Read more »
Early Registration Now Available for the 67th TEI Midyear Conference!
The 67th Midyear Conference will take place March 19-22, 2017, at the Grand Hyatt Washington in Washington, D.C. Take advantage of early registration rates available now through February 19. Available Discounts There are discounts available for attendees from the same organization and for first-time attendees. All discounts must be applied… Read more »
TEI Holds Liaison Meeting With the Pennsylvania Department of Revenue
On August 9, a delegation from TEI’s Philadelphia Chapter met with representatives from the Pennsylvania Department of Revenue (DOR). The delegation addressed taxpayer concerns arising from the DOR’s new corporation tax systems and procedures, such as gaps among assessments of tax, interest, and penalties; failure to notify taxpayers when an… Read more »
AI in the Tax Department: Getting Tax a Seat at the Table Artificial intelligence (AI) is reshaping business functions rapidly, yet many…
Planning for IRS Audits in an Era of Uncertainty In its ongoing crusade against so-called “basis-shifting” transactions, the Internal…
Transfer Pricing and Valuation in Financial Transactions Business transactions such as mergers, acquisitions, and reorganizations often necessitate…
Andreia Verissimo Andreia Verissimo, the senior manager for US tax policy at…
TEI Roundtable No. 52: FASB Accounting Standards Update 2023-09—Income Taxes (Topic 740) As financial reporting evolves, the Financial Accounting Standards Board (FASB)…
Preparing for Successful SALT Audits Audit preparedness is crucial, since federal and state agencies have…