World of Tax

The current global emergency has raised numerous questions about transfer pricing for multinational businesses. How should companies be pricing transactions between related parties in this unprecedented time? Alex Martin, principal at KBKG, joins Chris to discuss strategies to address these difficult questions. Link to Alex's most recent article on these issues: https://www.kbkg.com/tax-insight/operating-internationally-you-may-pay-more-than-your-fair-share-of-taxes-after-covid-19

Deborah Tam and Christopher Wood of the Checkpoint Payroll team join to analyze an underdiscussed piece of the CARES Act – the Employee Retention Credit. Check out the Checkpoint Special Report COVID-19 Payroll & Benefits Considerations.

Additional resources you may find helpful:

IRS FAQs: Employee Retention Credit under the CARES Act

E-News for Tax Professionals 2020-17, Common errors to avoid when filing Form 7200

Form 7200

Instructions for Form 7200

Draft Form 941

Draft Instructions for Form 941

Draft Schedule R for Form 941

This episode covers DAC6, the new EU transaction reporting requirements. The disclosures required are broad ranging and extensive and begin in July of this year, and it's going to be a key issue to understand in 2020. This goes especially for U.S. tax advisors who've been trying to get up to speed on the TCJA and may not yet have focused on DAC6. Chris' guest is Howard Jones, a partner with PKF Littlejohn. Howard is a business tax Partner specializing in the insurance sector, and has over 30 years of experience in financial services. Howard has helped businesses from owner-managed brokers to listed multinationals, and he's PKF's lead on DAC6 issues. Howard and Chris discuss which transactions are covered, the reporting requirements, and potential impacts, including a greater compliance burden and new audits.

Chris talks with Pushkar Bhoopalam and Sai Billanuka live from SYNERGY 2019.

Chris talks with Melissa live from SYNERGY 2019 about Wayfair.

On this episode, Chris is joined by Michael Ward, of Friedman LLP, to discuss the tax treatment of cryptocurrency. They discuss how it's characterized for tax purposes, common structures for holding it, and the impacts of the TCJA.

On this episode, Chris is joined by Jessica Silbering-Meyer, Executive Editor of the Journal of International Taxation, to discuss the influence BEPS had on the TCJA, and to discuss the future of the BEPS actions in the wake of new concepts introduced by the TCJA.

Read Jessica's article "Tax Cuts and Jobs Act: A Response to BEPS" in the September 2018 edition of the Journal of International Taxation, available on Checkpoint.

In this episode of Checkpoint Presents: World of Tax, host Chris Migliaccio talks with Priya White, International Tax Manager at RSM US LLP, about the challenges in advising clients on GILTI and FDII. They cover the importance of modeling to provide client guidance, and why that's such a big shift from the Subpart F rules.

In this episode of Checkpoint Presents: World of Tax, host Chris Migliaccio chats with Melissa Oaks, Current Awareness lead for Thomson Reuters Checkpoint. They discuss the state impacts of the TCJA. Interpreting the way TCJA provisions such as GILTI apply at a state level has proved to be a massive undertaking. Even if you're not a SALT practitioner, the questions it's raised are fascinating to consider and essential to have an understanding of.

For the latest tax news and resources, or to learn more about Thomson Reuters Checkpoint, visit our website at tax.tr.com/checkpoint.

In this episode of Checkpoint Presents: World of Tax, Chris Migliaccio chats with his first guest, Domingo Huh, the lead user experience designer for research and development at Thomson Reuters. Tax professionals are challenged with understand very complex topics every day and Domingo discusses how artificial intelligence can help. To Domingo, this relationship seems as if it will only become stronger, and more beneficial to tax practitioners, with time. For the latest tax news and resources, or to learn more about Thomson Reuters Checkpoint, visit our website at tax.tr.com/checkpoint.