Dbriefs U: Related Resources
Listed below are sources of additional information related to our webcast topics.
Alternative Minimum Tax (AMT)
Times Topics: Alternative Minimum Tax, New York Times
Tax Topics: Individual Alternative Minimum Tax (AMT), Tax Policy Center (Urban Institute and Brookings Institution)
Tax News & Views, Deloitte Tax LLP (newsletter)
Recent articles in 2008 discuss efforts by Congress to address the AMT burden on taxpayers
Stretch, Clint. "The Coming Storm: How Business Can Prepare for Federal Income Tax Reform," The Deloitte Review, Spring 2008
Where Taxpayers Are Most Likely to Pay the AMT in 2007, Journal of Accountancy, July 2007 (scroll to bottom)
The Alternative Minimum Tax for Individuals: A Growing Burden, Jim Saxton (R-NJ), Chairman, Joint Economic Committee, U.S. Congress, May 2001 (pdf)
AMT resources from the Internal Revenue Service (IRS):
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Business Tax Credits
Disaster Tax Relief: Congress and the IRS Provide Help for Victims (Deloitte publication)
Internal Revenue Service, Publication 4492, Information for Taxpayers Affected by Hurricanes Katrina, Rita, and Wilma, January 2006 (pdf)
Internal Revenue Service, General Business Credits (Web site)
Internal Revenue Service, Publication 954, Tax Incentives for Distressed Communities, January 2004 (pdf)
SEIA Guide to Federal Tax Incentives for Solar Energy
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Capital Gains and Losses
The Essential Tax & Wealth Planning Guide for 2009 (Deloitte publication)
Internal Revenue Service, Topic 409 - Capital Gains and Losses
Times Topics: Capital Gains Tax, New York Times (Web site)
Internal Revenue Service, Tax Tips About Capital Gains and Losses, IRS Tax Tip 2008-35
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Deferral of Foreign Earnings (International Taxation)
Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century, Office of Tax Policy, U.S. Department of the Treasury (December 2007)
Reforming the U.S. Corporate Tax System to Increase Tax Competitiveness, Chairman Jim Saxton (R-NJ), Joint Economic Committee,
U.S. Congress (May 2005)
General Explanations of the Administration's Fiscal Year 2010 Revenue Proposals (pp. 28 – 39), U.S. Department of the Treasury (May 2009)
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Effective Writing
Georgia State University M. Tax Writing Web Site
(Writing Skills for the Tax Professional)
Albrecht and Sack, Accounting Education: Charting the Course through a Perilous Future (August 2000)
Paice and Lyons, "Addressing the People Puzzle," Financial Executive (September 2001)
Strunk, William, The Elements of Style by William Strunk, Jr., (online edition, Bartleby.com, 1999)
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Entity Choices
Business Entity Comparison Table - BizFilings.com
Eustice & Kuntz: Federal Income Taxation of S Corporations, Chapter 2, Section 3: Comparison of S Corporations, C Corporations, Partnerships, and Limited Liability Companies (Warren, Gorham & Lamont Federal Treatises), Available through RIA Checkpoint
Partnerships & LLCs - Understanding a Popular but Complex Entity Choice, Deloitte Dbriefs U Webcast
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Estate Planning
IRS Publication 950 - Introduction to Estate and Gift Taxes
Fundamentals of Estate Planning: Planning to protect your wealth and family's future (Deloitte publication)
The Essential Tax & Wealth Planning Guide for 2008 (Deloitte publication)
Planned Giving Design Center
DeathandTaxes.com (Web site)
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Federal Tax Accounting
IRS Publication 538 - Accounting Periods and Methods
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Accounting for Income Tax Uncertainties
Available on Financial Accounting Standards Board Web site (www.fasb.org):
- Statement of Financial Accounting Standards No. 5 - Accounting for Contingencies
- Statement of Financial Accounting Standards No. 109 - Accounting for Income Taxes
- Interpretation 48: Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109
Uncertainty in Income Taxes: A Roadmap for Applying FIN 48 (Deloitte publication)
Speech by SEC Staff: The Economics of FIN 48: Accounting for Uncertainty in Income Taxes, Chester S. Spatt, U.S. Securities and Exchange Commission (March 8, 2007)
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Financial Reporting of Income Tax
Statement of Financial Accounting Standards No. 109 - Accounting for Income Taxes, Financial Accounting Standards Board (FASB)
Interpretation 48: Accounting for Uncertainty in Income Taxes - an interpretation of FASB Statement No. 109, FASB
FASB website: www.fasb.org
U.S. Securities and Exchange Commission website: www.sec.org
International Financial Reporting Standards for U.S. Companies (Deloitte publication)
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Individual Income Taxation
The Essential Tax & Wealth Planning Guide for 2008 (Deloitte publication)
IRS Publication 970 (2006), Tax Benefits for Education
IRS Topic 605 - Education Credits
Fiscal Facts: Questions and Answers on the Alternative Minimum Tax, Tax Foundation, July 21, 2007
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Tax Implications of International Financial Reporting Standards (IFRS)
IFRS and Tax Implications: Be Prepared for Another Major Change to Tax Operations (Deloitte Report)
The Convergence of FAS 109 and IAS 12: Insights on the Corporate Income Tax Accounting Convergence Project (Deloitte Report)
Global Tax Implications of International Financial Reporting Standards: Key Issues to Consider Now (Deloitte Report)
IASPlus.com (Deloitte Global IFRS Web site)
International Financial Reporting Standards for U.S. Companies (Deloitte publication)
Global Tax Implications of International Financial Reporting Standards (Deloitte publication)
Further explore the many resources related to IFRS on Deloitte.com
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International Taxation
Deloitte International Tax Publications (www.deloitte.com/us/tax/newsletters)
Deloitte International Tax and Business Guides (www.deloittetaxguides.com)
Deloitte International Tax Source (DITS) (www.deloitte.com/DITS)
Deloitte Insights: Weighing the Best Deal: How Companies Can Compare and Benefit from Global Tax Incentives (podcast)
Tax Information for International Businesses, IRS (www.irs.gov/businesses/international)
Bittker, Boris I. and Lokken, Lawrence, Fundamentals of International Taxation, (Warren, Gorham & Lamont of RIA, 2006)
Internal Revenue Code:
Source of income: Sections 861-865
Taxation of foreign corporations: Sections 881-885
Subpart F and controlled foreign corporations: Sections 951-964, 898, 1248
Foreign tax credits: Sections 901-908, 515, 841, 853
Subscription Required:
Tax Analysts' Worldwide Tax Treaties (www.taxanalysts.com)
Tax Analysts' Worldwide Tax Daily (www.taxanalysts.com)
International Tax Review (www.internationaltaxreview.com)
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IRS Disputes
IRS Insights, Deloitte Tax LLP Tax Controversy Services (bimonthly newsletter)
Your Rights as a Taxpayer, Publication 1 (12/98), Internal Revenue Service
Determining Settlement Authority in the IRS Office of Appeals, Deloitte Tax LLP (article)
IRS Web site: www.irs.gov
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Mergers and Acquisitions
Deloitte Merger & Acquisition Library (Deloitte Web site)
The Overconfidence Trap: Getting it Half-Right Won't Work in the High-Stakes Game of M&A Integration, Dwight Allen and Punit Renjen, Deloitte Review
A Tax Director's Guide to Surviving a Merger or Acquisition (Deloitte publication)
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Partnerships and LLCs
Tax Information for Partnerships, Internal Revenue Service
Hynes, J. Dennis and Lowenstein, Mark J., Hynes and Lowenstein's Agency-Partnership and the LLC in a Nutshell, (West Law School, 2005) (book)
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Professional Standards
Section 101-3 Performance of Non-Attest Services, The American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct
Ethics and Independence
Rules Concerning Independence, Tax Services and Contingent Fees, Public Company Accounting Oversight Board (PCAOB)
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Regulatory Trends
Statement of Financial Accounting Standards No. 141, Business Combinations, Financial Accounting Standards Board (FASB)
Sarbanes-Oxley Act of 2002, Public Law 107-202, July 30, 2003, Securities and Exchange Commission (SEC). Final Rule: Strengthening the Commission's Requirements Regarding Auditor Independence, 2003 (SEC)
Larry Ribstein, Sarbanes-Oxley after three years, Illinois Law and Economics Working Papers Series Working Paper No. LE05-016
David Reilly, "Restatements Still Bedevil Firms - Overall Total Hits a Record As Big Companies Improve," The Wall Street Journal, Feb 12, 2007. pg. C.7.
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State Taxation
Statements: The essentials on state business taxation (Deloitte podcast series)
Multistate Tax Commission (Web site)
State Tax Matters (Deloitte newsletter) Weekly newsletter highlighting the latest multistate tax developments as well as more in-depth articles on substantive issues
Driving State Transformation in an Economic Downturn
Resources that look at the perspective of the states in a down economy. (Deloitte Web site)
A Lawmaker's Guide to Non-Income Based Business Franchise Taxes
Jim Wetzler, Mike Santoro, and Nicholas Ford (Deloitte Tax), Published by Deloitte Multistate Tax Center (in conjunction with the Univ. of Wisconsin at Milwaukee), 2007. 76 pgs. Addresses the pros and cons of state's use non-income based taxes. Includes an appendix detailing descriptions of non-income based taxes.
International Financial Reporting Standards and State Taxes: Uncharted Territory
Many enterprises have begun to assess the impact a conversion to International Financial Reporting Standards (IFRS) could have on their provision for income taxes, tax accounting methods, global tax planning issues, employee benefits and state income taxes. (Deloitte article)
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Tax Basics
Tax History Project, Tax Analysts
Fact Sheets: Taxes, U.S. Department of the Treasury
Times Topics: Taxes, The New York Times
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Tax and Human Resources
U.S. Department of Labor (Web site)
Tax-Efficient Rewards Transformation: Reengineering your rewards programs for the 21st century (Deloitte whitepaper)
Global Insight (Deloitte newsletter): A quarterly newsletter keeping international human resources professionals up to date with global tax developments and trends for their employees
2006 International Stock Plan Design and Administration Survey, presented by The National Association of Stock Plan Professionals and Deloitte Tax LLP (survey results)
National Compensation Survey (NCS), conducted by the U.S. Bureau of Labor Statistics (BLS), U.S. Department of Labor, March 2007
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Tax in the Corporation
Driving a More Valuable Contribution from the Corporate Tax Function, CFO and tax executives' perspectives on corporate tax, CFO Research Services in collaboration with Deloitte Tax LLP, 2007 (article)
What Do Companies Want from the Corporate Tax Function?: CFO and Tax Executives' Perspectives on Corporate Tax, CFO Research Services in collaboration with Deloitte Tax LLP, 2006 (article/PDF)
Full text of the Sarbanes-Oxley Act of 2002, U.S. Securities & Exchange Commission (PDF)
Spotlight on Sarbanes-Oxley Rulemaking and Reports, U.S. Securities and Exchange Commission (Web site)
PCAOB Rulemaking Docket 017 - Ethics and Independence Rules Concerning Independence, Tax Services and Contingent Fees (Web site)
Sarbanes-Oxley Resources, Deloitte Tax LLP (Web site)
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Tax Legislative Process
Web sites:
Thomas: The Library of Congress
The Joint Committee on Taxation, U.S. Congress
Committee on Ways and Means, U.S. House of Representatives
United States Senate Committee on Finance
Office of Tax Policy, U.S. Department of the Treasury
Office of Management and Budget
Congressional Budget Office
Department of the Treasury
Articles:
Tax Policy Decisions Ahead: President-elect Obama's Call for Change (Deloitte report)
Tying It All Together: Learn About the Legislative Process, U.S. House of Representatives
How Our Laws Are Made, revised and updated by Charles W. Johnson, Parliamentarian, U.S. House of Representatives, June 30, 2003
IRS Fact Sheet: Facts About the 2008 Stimulus Payments, Internal Revenue Service, FS-2008-15, February, 2008.
A Comprehensive Strategy for Reducing the Tax Gap, U.S. Department of the Treasury,
Office of Tax Policy,
September 26, 2006
Options To Improve Tax Compliance And Reform Tax Expenditures, Joint Committee on Taxation, U.S. Congress, January 27, 2005
Testimony Of George K. Yin, Chief of Staff of the Joint Committee on Taxation at a Hearing of the Senate Committee on Finance on "The $350 Billion Question: How To Solve The Tax Gap," April 14, 2005
Inside the Revenue Estimating Process, Kleinbard, Edward D., Joint Committee on Taxation, January 2008
Other:
Tax News & Views, Tax Policy Services Group, Deloite Tax LLP (Deloitte newsletter)
Deloitte Tax Obama Budget Proposal Resource Center
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Tax Research
Tax Research Quick Guide (Deloitte publication),
Includes sources of authority, commonly used electronic tax research resources, search techniques, citation formats, best practices, and common mistakes. (2008)
Accounting Education: Charting the Course through a Perilous Future (article), Albrecht, W. Steve, and Robert J. Sack, American Accounting Association, Accounting Education Series, Volume No. 16. (article, 2000)
Gardner, Robert L. et al. (2005). Tax Research Techniques, 7th edition. New York: AICPA. (book)
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Federal Tax Restructuring
Antos, Joseph, et al. (March 2008). Taking Back Our Fiscal Future. The Urban Institute.
Birnbaum, Jeffrey and Alan S. Murray (1988). Showdown at Gucci Gulch: Lawmakers, Lobbyists, and the Unlikely Triumph of Tax Reform. New York: Vintage Books.
Burman, Leonard (2008). "A Blueprint for Tax Reform and Health Reform." Testimony Before the Senate Committee on Finance, May 13, 2008.
Congressional Budget Office (Dec. 2005). Global Population Aging in the 21st Century and its Economic Implications. (pdf)
Gale, William (February 2007). Fixing the Tax System: Support Fairer, Simpler, and More Adequate Taxation. The Brookings Institution.
General Accountability Office, Office of the Comptroller General (2005). The Long Term Fiscal Challenge. GAO-05-282SP. (pdf)
Organization for Economic Co-operation and Development (July 2008). Tax and
Economic Growth.
Pierson, Paul and Theda Skocpol, eds. (2007). The Transformation of American Politics: Activist Government and the Rise of Conservatism. Princeton: Princeton UP.
President's Advisory Panel on Tax Reform (November 2005). Simple, Fair, and Pro-Growth: Proposals to Fix America's Tax System.
Stretch, Clint (Spring 2008). "The Coming Storm: How Business Can Prepare for Federal Income Tax Reform," The Deloitte Review.
U.S. Department of the Treasury, Office of Tax Policy (December 2007). Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century. (pdf)
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Transaction Taxes
Web sites:
Books (more information at CCH):
- Fields, Robert J., Understanding and Managing Sales and Use Tax (6th edition, CCH, 2004)
- Healy, John C., Surviving a Sales and Use Tax Audit (CCH, 2002)
- Yancey, Will, Statistical Sampling in Sales and Use Tax Audits (CCH, 2002)
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