Departments and Columns
Emerging Leader: Karin Li
Is there a connection between tax and math? To Karin Li, there certainly is. During her MBA studies, her professor assigned her a research project related to estate tax law, leading Li to make a discovery that would impact her professional life. “I found tax to be incredibly complex and… Read more »
Acknowledgements
September/October 2020
TEI gratefully acknowledges the support of the following firms that would have sponsored TEI’s Midyear Conference. Their financial support enables TEI to maintain a rich program of value-added education, networking, and advocacy activities for the in-house tax community. Exclusive Affinity Partner Thomson Reuters Platinum ADP Andersen Baker McKenzie Bloomberg Tax… Read more »
Choosing the Path Forward
I am honored to serve as TEI’s international president during its 75th Annual Conference year. The opportunity to help shape and guide the leading association of in-house tax professionals worldwide is one that provokes a great sense of gratitude and duty. I am humbled but delighted to take on the… Read more »
Automation and Analytics Through a Digitally Transformed (and Remote) Workforce
The Experts: Andy Ruggles and Allison LeClair
Our current environment is magnifying pressures on tax functions to take action in a changing regulatory landscape characterized by marketplace uncertainty, demands for accelerated reporting, better risk management, and greater use of technology in day-to-day operations. There is no perfect time to take the first step toward implementing new automation… Read more »
Eight Tips to Implement and Integrate Tax Technology
For corporate tax departments, implementing technology is a high-stakes, high-profile, can’t-afford-to-fail undertaking. We have seen cases when poorly executed projects have adversely affected senior tax executives’ compensation and job security. So, here are eight tips for getting it right. Align with corporate objectives. Solicit input from key stakeholders and craft… Read more »
TEI Requests Administrative and Payment Relief for State and Local Taxes in Response to COVID-19 Crisis
On March 25, 2020, TEI sent state and local tax organizations and state tax revenue agencies a letter seeking administrative, filing, and payment relief for state and local taxes in response to the COVID-19 crisis. TEI’s letter was prepared under the aegis of TEI’s State and Local Tax Committee, whose chair is Michell Rodriguez. TEI Tax Counsel Pilar Mata coordinated the preparation of the brief and was its principal author.
We write to urge state tax agencies to provide administrative and payment relief for state and local taxpayers in response to the COVID-19 pandemic. In-house tax practitioners responsible for preparing federal, state, and local tax returns of business taxpayers have been required to telework and, in many cases, shelter in… Read more »
COVID-19 and the VAT Response
As the COVID-19 pandemic continues to greatly impact the global economy, one area in which countries have attempted to ease the burden is value-added tax (VAT). Some countries have chosen simply to accelerate VAT refunds or offer payment extensions or deferment, but many have decided to reduce VAT rates significantly… Read more »
IRS Transcripts
The Experts: Alina Solodchikova, Mary Slonina, and Whitney Brady
Internal Revenue Service tax transcripts can be a valuable tool when a tax professional is amending a tax return, filing a tentative claim for refund, verifying entity elections, tracking payments and credits, monitoring the IRS’ processing of filings, and determining information about an entity, like its filing status and the… Read more »
Tax Controversy During COVID-19 Didn’t Have to Be This Difficult
If there ever was a time to pity our friends at the Internal Revenue Service, that time is now. Even before the COVID-19 pandemic hit, budget cuts and staff attrition had hampered the IRS’ ability to keep up with its mounting workload, and the agency’s legendarily anachronistic information technology systems… Read more »
Advancing Virtually, TEI Proud
For seventy-five years, TEI has set the standard for excellence, service, and commitment to the in-house tax community around the world. Our mission of supporting the educational, networking, and advocacy needs of our members is absolute, as is our commitment to keep members connected to one another, practitioners and sponsors… Read more »
Imports and Exports, Canada: What You Really Need to Know… When doing business with another country, the sales tax implications…
Cost-of-Performance Versus Market-Based Sourcing Calculating how to source sales to determine a company’s state…
Part I: The Graphic Guide to Section 163(j) As children, we learned new and difficult concepts, such as…
Practical Implications of New Partnership Audit Rules Ignore the new partnership audit rules at your own peril.…
Tax Advantages of Family Office Structure As a family grows and transitions toward succeeding generations, not…