OUR THOUGHTS ON:

SORT OPTIONS: Most Recent | Most Viewed

IRS Modifies the Offshore Voluntary Disclosure Program

On June 18, 2014, the Internal Revenue Service (IRS) significantly modified the Offshore Voluntary Disclosure Program (OVDP). The various changes to the ... read more >

A New Era of International Reporting Compliance Set to Begin

The Foreign Account Tax Compliance Act (FATCA) was enacted into law for a few years ago but only now is its presence beginning to be felt. FATCA made several ... read more >

Foreign Tax Account Compliance and Foreign Bank Account Reporting Updates

Update 1: Foreign Financial Institution (FFI) Registration The Internal Revenue Service (IRS) released Form 8957 and instructions back in August 2013. ... read more >

IRS Posts Final FATCA Registraton Form and Instructions on IRS.gov

The Internal Revenue Service (IRS) recently posted the final version of Form 8957, Foreign Account Tax Compliance Act (FATCA) Registration along with form ... read more >

Should the U.S. Move to a Territorial Tax System?

Tax

By Nishant Patel

The United States is one of the few remaining nations that have a worldwide tax regime in today’s global economy. Among the 26 members of the Organization ... read more >

Offshore Voluntary Disclosure Program Returns

Tax

By Nishant Patel

The IRS announced on January 9, 2012 in a news release that it will reopen the offshore voluntary disclosure initiative (OVDI) program for the third time since 2009. Nick Patel explains.... read more >

Will The Research Tax Credit Survive?

The Research Tax Credit has been a long-standing provision in the Tax Code originally introduced by the Economic Recovery Act of 1981. Since then its survival ... read more >

What the Frack? Part II

“Fracking” sounds like a word we use when we don’t want to swear in front of our children. But, in the oil and gas world, this is industry ... read more >

What the Frack?

“Fracking” sounds like a word we use when we don't want to swear in front of our children. But, in the oil and gas world, this is industry lingo for hydraulic fracturing, and “fracking” is a very hot topic in Ohio and the surrounding areas. Nishant Patel explains.... read more >

Oil and Gas Industry Update - Manufacturer's Deduction

The oil and gas industry has recently come under fire from the Obama Administration. Over the past year, the Administration has proposed levying $40 billion ... read more >