IC-DISC – THE LAST REMAINING EXPORT INCENTIVE FOR US MANUFACTURERS AND EXPORTERS
An IC-DISC can provide a permanent 20% tax savings (or even more) for qualifying U.S. manufactures and exporters. Background For U.S. exporters operating their business via a sole proprietorship or...
View ArticleTreasury Issues Final Regulations on FBAR Filing Requirements and IRS...
On February 24, 2011, the Treasury Department issued final regulations (the “Regulations”) regarding the Report of Foreign Bank and Financial Accounts (“FBAR”). The Regulations, which can be found...
View ArticleA Road-map for IRS Audits . . . Schedule UTP has Arrived!
The following is part I of a two part blog post, which will describe the specific reporting requirements of Schedule UTP and discuss the IRS’ objectives and rational for its new reporting requirements....
View ArticleSummary of Tax Provisions Expiring Prior to 2012
• Credit for non-business energy property. • Plug-in electric vehicle credit. • Plug-in conversion credit. • New energy efficient home credit. • Energy efficient appliance credit. • Employer wage...
View ArticleIncome Tax Provisions set to expire in 2013
Income Tax provisions that are scheduled to expire or change after 2012 include the following: A. Income Tax Rates. Tax rates are scheduled to revert to the pre-2001 level. 2012 individual rates...
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