Tax & Accounting Blog

Federal district court in Arizona issues final decision in demutualization case

Federal district court in Arizona issues final decision in demutualization case

On April 19, 2013, the federal district court in Arizona issued a final decision in the Dorrance case.  2013 WL 1704907.  This follows a preliminary decision in July, 2012.  See our previous bulletin, “Open Transaction Doctrine does not apply in insurance company demutualization case,” July 16, 2012. Background: A mutual insurance company has no … Read More

IRS Offers New “International Topic Index” of Tax Information for International Payments and Taxpayers

IRS Offers New “International Topic Index” of Tax Information for International Payments and Taxpayers

The IRS introduced a new service called the International Topic Index which will help both payers and recipients understand U.S. tax requirements relating to international transactions and filing requirements. The index will help individuals quickly locate relevant information from IRS informational pages, FAQs, forms, instructions, publications and other information sources. Topics are organized using IRS … Read More

Upcoming ONESOURCE Trust Tax and Tax Information Reporting Webcasts

Upcoming ONESOURCE Trust Tax and Tax Information Reporting Webcasts

This May, join our Trust Tax and Tax Information Reporting experts as we wrap up our three part series on FATCA for trusts and begin a two-part series on payments to foreign vendors. Webcast Details: FATCA Compliance Implementation Part 3 for U.S. Payers in Trust, Bank and Brokerage Date: Wednesday, May 22 Time: 2:00 PM … Read More