Author: Jennifer Ray and Andrew Park

After Tax Reform, Don’t Always Think Outside the Box
Reevaluate whether existing foreign investment holdings continue to be tax-efficient and consider reorganizing them

by Jennifer Ray and Andrew Park
May 31, 2018
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The tax reform act enacted in December 2017 (commonly referred to as the Tax Cuts and Jobs Act or TCJA) significantly altered the landscape of U.S. taxation of foreign investments. Historically, U.S. individuals preferred to own foreign investments directly or through entities classified as partnerships for U.S. federal income tax…

Fair Is Fair—How to Assert For and Defend Against Alternative Apportionment
Alternative apportionment presents opportunities and challenges for taxpayers

by Craig B. Fields, Mitchell A. Newmark, and Eugene J. Gibilaro
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The concept of apportionment in state taxation is an exception to the rule that life can be unfair. State apportionment must be fair. A wooden reading of a generally applicable apportionment law may not stand if that law yields an unfair result in a particular case. Alternative apportionment exists to…

Tax Reform: An Opportunity for State Tax Credit and Incentives
Make sure you don’t leave valuable benefits on the table

by Robert Calafell, Mo Bell-Jacobs, and Millie Philippus
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On December 22, 2017, President Donald Trump signed the most comprehensive federal tax reform package in three decades.1 Whereas media reports focused mostly on how tax reform would affect businesses and individuals, to tax professionals it quickly became apparent that reform would spur increased state and local tax credits and…

Reforming SALT—Assessing the Impact of Tax Reform on States
Since each state has its own approach to corporate taxation, impacts are likely to vary

by Maria P. Eberle, Lindsay M. LaCava, and Stephen W. Long
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Unless you have very recently awakened from a lengthy hibernation (and if you have, we hope it was restful), you are no doubt familiar with the federal tax reform bill known as the Tax Cuts and Jobs Act (hereinafter called “federal tax reform”), the most comprehensive tax legislation passed since…

State Tax Updates 2018

by Tax Executive Staff
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As the world of federal tax was shaken up by the passage of the Tax Cuts and Jobs Act of 2017, U.S. tax departments across the country continue to adjust. One of the main pieces of the new tax bill is the lowered corporate tax rate, which had not been… Read more »

Michael Bernard

by Tax Executive Staff
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When Michael Bernard was a sophomore at Creighton University, he took a business law class. It was the start of something big—a notable career in tax, including almost three decades at Microsoft Corporation. He is now the chief tax officer at Vertex Inc. “The cases in the book covered a… Read more »

San Francisco Chapter
Awards Scholarship

by Tax Executive Staff
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TEI’s San Francisco Chapter awarded its most recent scholarship to Ellen Swain of the University of San Francisco. Josette Castagne-Kwok, the Chapter’s scholarship chairperson, presented Ellen with the award during the Chapter’s tax seminar held at USF.

Oklahoma City Chapter
Presents Scholarship and Award

by Tax Executive Staff
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TEI’s Oklahoma City Chapter (TEI-OKC) recently began a scholarship program and awarded its first scholarship to Rachael Murphy of the University of Oklahoma on September 13, 2017. Rachael will graduate in May 2019 with a B.B.A/M.Acc., with an emphasis in taxation. She currently interns with KPMG’s tax practice. The Chapter…