Every five years, the BEA conducts its Benchmark Survey of Foreign Direct Investments within the U.S., otherwise known as the BE-12 Report. The upcoming BE-12 report is due May 31, 2023 (or June 30, 2023 for e-file). Learn more.
The IRS has provided practitioners with a surprise gift for the 2021 filing season. They recently released drafts of new Schedule K-2 and Schedule K-3 to be included with Form 1120S for S corporations, Form 1065 for partnerships and Form 8865 for controlled foreign partnerships. These schedules each add 14 to 19 pages of additional informational reporting for items of international relevance.
Bennett Thrasher and Morris, Manning & Martin recently hosted their “New Tax Considerations for the Technology Industry” webinar. During the event, a variety of financial topics relevant to technology companies were discussed, including federal tax proposals, executive compensation tax proposals, international considerations and state and local tax considerations.
The OECD’s new emphasis on aligning profits with value creation through the conclusion of the BEPS Action Plan has resulted in an ever-growing number of companies facing the challenge of preparing documentation that includes detailed value chain analyses and justifies transfer pricing (TP) policies.
On May 31, the Organization for Economic Co-operation and Development (“OECD”) issued a proposed approach to addressing challenges arising from the digitalization of the economy (the “Program of Work”). If it reaches consensus, the Program of Work could change “how taxing rights on income generated from cross-border activities in the digital age should be allocated among countries.”
Terms of Use | Privacy Policy | Sitemap
© Copyright 2022 Bennett Thrasher, LLP
