Loss carry-forwards and carry-backs

Losses – a word that has become all too familiar these days. If you have losses in 2010 or recent past years are you ensuring that you maximize the opportunities that might be available to you to claim some or all in your federal return? These might be in the form of...

US tax refunds for 2007 – final deadline 18 April

The IRS has just sent a reminder that people who have not filed a 2007 US income tax return will miss out on any refunds due if a return is not filed by 18 April 2011. The timeframe for claiming refunds is three years from the date that the return was due. 2007 US...

IRS Notice 2015-79 Inversions & Related Transactions

The IRS has announced it will tighten its anti-inversion rules in Notice 2015-79, issued last week, through regulations which will address tax avoidance transactions at the time of, and post-inversion. Internal Revenue Code section 7874 (Rules Relating To Expatriated...

OECD Base Erosion and Profit Shifting project

In addition to the newly negotiated and highly controversial TPP agreement, the rollout of the OECD’s Base Erosion and Profit Shifting (BEPS) project has New Zealand’s political and business leaders in heated discussions this week.   The business...

Tax Extenders Bill Countdown

“We are the only nation in the world that lets a huge chunk of its tax code expire, often for a year, and then retroactively puts it back in place.” “That whole process is really unacceptable to me, and it puts us out of place with the rest of the...
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