Ask the Experts

Prepping for Year-End: Internal Control Over Financial Reporting
The Expert: Jennifer Crawford

As year-end approaches, tax departments can already sense the year-end process looming. With limited time to get year-end financials released while maintaining a robust tax control process, it is critical that the tax department prepares well in advance. We reached out to Jennifer Crawford, director at Baker Tilly, to gain… Read more »

Question: How Can Companies Take Advantage of Digital Assets With No Tax Impact?
The Experts: Michael Graber, John Cardone, Bassel Elbetanony, and Nick Juffer

Digital-asset-based loyalty and reward programs allow companies to create a tailored customer experience across multiple brands without introducing the tax uncertainty that exists elsewhere in the digital asset and blockchain ecosystem. Digital assets, such as cryptocurrency and non-fungible tokens (NFTs), are treated by the Internal Revenue Service as personal property.… Read more »

As Pillar Two Evolves, So Does Its Effect on M&A Transactions
The Expert: Cara Harrison

With mergers and acquisitions picking up in 2024 and the OECD’s Global Anti-Base Erosion rules (GloBE, or “Pillar Two” rules) now effective for most large companies as of January 1 this year, many companies will be faced with a number of new considerations arising in the context of both acquisitions… Read more »

The Market for Clean Energy Tax Credits Is Booming

The Expert: Rob Parker Since Congress passed the Inflation Reduction Act (IRA) in August 2022, private companies have announced over $628 billion in commitments to American industries like clean energy manufacturing, electric vehicles, and clean power. The economic research firm Rhodium Group reports that clean energy investments in the twelve… Read more »

A Conversation With a Latin America Tax Expert
The Expert: Lionel Nobre

The Ask the Expert column in this issue differs slightly from its usual form. Instead of posing a specific question to a tax expert, we decided to pose a series of questions to someone who has spent nearly his entire career as a tax professional. That expert, Lionel Nobre, has… Read more »

Tax Avoidance Rule in Canada Tested in Deans Knight Case
The Expert: Steve Suarez

Question: What does the Supreme Court decision in Deans Knight mean for tax professionals? The general anti-avoidance rule (GAAR) in Canada’s Income Tax Act applies when a taxpayer undertakes transactions whose primary purpose is to obtain a tax benefit, in a way that abuses or misuses one or more provisions… Read more »

Tax Credit Investments
The Expert: Paddy O’Brien

Tax credit investments play an important role in strategic planning for tax professionals. We wanted to delve deeper into the crevices of this issue and turned to Paddy O’Brien, vice president of investments at Foss & Co., for answers. Tax Executive’s senior editor, Michael Levin-Epstein, interviewed O’Brien in February. Michael… Read more »

IRS Appeals: Latest Developments
The Expert: Mary McNulty

As the Internal Revenue Service increases enforcement in the wake of the pandemic and receives additional funding, undoubtedly there will be new developments that will impact taxpayers’ experiences when their cases land at IRS Appeals. This article provides tips on navigating these developments at IRS Appeals. What’s New at IRS… Read more »

The Impact of Tax Credits and Incentives on Business Plans
The Expert: Matt Kelley

If you’re steeped in high-impact tax issues, you know how important tax credits and incentives can be when developing and implementing a business plan. They’re not only important—they also can be complex, especially in today’s economic climate. That’s why we thought a one-on-one interview with an expert would be valuable… Read more »

Hiring Needs
The Expert: Jack Hart

Obtaining and retaining the best talent for your team has been an ongoing battle for hiring managers for many years now, but with the complexity that COVID has brought, accompanied by “the Great Resignation,” this challenge has become even more difficult. Question: How has the pandemic changed hiring, and what… Read more »