Tax & Accounting Blog

The CIO’s Role in Indirect Tax Compliance: Deploying Solutions on Spec and on Budget

The CIO’s Role in Indirect Tax Compliance: Deploying Solutions on Spec and on Budget

With many governments across the world facing revenue deficits, countries are continuing to accelerate their indirect tax audit initiatives with companies operating in their respective jurisdictions. These companies are facing an interesting dilemma: tax managers are in charge of compliance, but the implementation of technology used to drive compliance is in the hands of IT … Read More

Withholding on U.S. Business Income of Foreign Vendors – Part 4: Treaty Exempt ECI

Withholding on U.S. Business Income of Foreign Vendors – Part 4: Treaty Exempt ECI

A beneficial owner of ECI resident in a tax treaty country may be able to claim an exemption from tax under an applicable income tax treaty provision. An entity with ECI that is not attributable to a permanent establishment in the United States (as that term is defined by the applicable tax treaty), may make a … Read More

Deadline Approaching for Executors to Make Portability Election for Post-2010 Estates

Deadline Approaching for Executors to Make Portability Election for Post-2010 Estates

In a notice and accompanying news release, IRS reminded executors of the estates of married decedents dying after 2010 that they must file an estate tax return in order to pass along the unused estate and gift tax exclusion amount, available for the first time this year, to their surviving spouse. The first estate tax … Read More