International Intellectual Property Protection: What You Don’t Know Can Hurt You
November 30, 2015
Intellectual Property
Related: Corporate
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2015 Tax Extenders Thanksgiving Treat?
November 25, 2015
Legislation
Once again we approach the end of a year following the so-called “Tax Extenders” legislation, which addresses federal tax incentives that expire on December 31 of each year, unless renewed by Congress. The2014 bill was enacted with retroactive effect in mid-December 2014 and expired on December 31, 2014. Will Congress…
Applicable Federal Rates for December 2015
November 23, 2015
Applicable Federal Rates
The Internal Revenue Code prescribes minimum imputed interest rates and time-value-of-money factors applicable to certain loan transactions and estate planning techniques. These rates are tied formulaically to market interest rates. The Internal Revenue Service updates these rates monthly. These are commonly applicable rates in effect for December 2015: Short Term AFR…
Legislation Creates Default Rule: All Partnerships to be Audited at Entity Level
November 6, 2015
Legislation
On November 2, 2015, President Obama signed into law The Bipartisan Budget Act of 2015 (H.R. 1314) which, among other things, imposes a new audit regime on tax partnerships beginning in 2018. Under the new regime, unless a partnership is eligible to elect out and does so timely, IRS can…