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Archive for Kat Jennings

Corporate And Public Accounting Tax Professionals – Get Organized With This Amazing Tax Calendar

Tax Calendar Tour

One of the most important responsibilities of every corporate tax department and tax professional providing tax services is keeping track of important tax due dates. Awareness of due dates will help avoid penalties and late fees. Every business has important due dates for tax returns and extensions, payment of estimated taxes, retirement accounts, IRS filings and more. How do you keep track of all of it for your company? How do you keep track of all tax due dates for multiple clients?

While reviewing more than 1700 different types of software available to tax and financial professionals, we have identified Tax Calendar software that is powerful and inexpensive. We now search for new software with powerful features, low cost, easy to use and without the big marketing budgets. There are some real winners out there and we ask you to take notice of them and take a complimentary tour. You can make your decision from there. We just want to show you this Tax Calendar software impressed us the most at the best prices. They will even scan tax returns in for you.

Check Out This Tax Calendar Today

– Make Your Life As A Tax Professional So Much Easier

 

Tax Director, Real Estate Investment Trust

Tax Job REIT

We are currently conducting a search to locate a Tax Director for an international client on the east or west coast. If you know of any tax executive with strong knowledge of real estate reits, please forward this opportunity on to them for their review. We will be happy to provide more detailed information and maintain a high level of privacy for anyone with REIT tax expertise.

  • Provide leadership and direction for all domestic and international tax planning, tax provision and tax compliance activities for a REIT.
  • Oversee and direct a team responsible for FIN 48 and FAS 109 tax provision calculations and estimates, including DTA/DTL analysis, tax footnotes and related disclosures contained in quarterly and annual filings.
  • Oversee and direct tax return preparation and the review and the submission of federal, state, local and consolidated tax returns. Read more

Tax Director, Global Tax Reporting

Tax Job Global Tax Director, Provision

This position reports directory to the VP of Corporate Taxation and as Tax Director, Global Tax Reporting is responsible for oversight and preparation of the global consolidate income tax provision in accordance with US GAAP accounting principles, manage the SOX 404 controls process as it relates to the global consolidated income tax provision, partner with Univar’s financial statement auditor and Financial Reporting & Analysis team as a key stakeholder in global EBT data delivery and contribute to special projects within the Global Tax Department as needed.

This position oversees and resolves highly complex tax reporting and strategic planning issues with high impact to the organization. On a day-to-day basis, this position will be expected to fulfill the financial income tax reporting obligations of the enterprise and lead continuous process improvements within the global consolidated income tax provision process. Duties Include:

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Global Tax Director, Reporting (Midwest Region)

Tax Job- Global Tax Director, Reporting

This position reports directory to the VP of Corporate Taxation and as Tax Director, Global Tax Reporting is responsible for oversight and preparation of the global consolidate income tax provision in accordance with US GAAP accounting principles, manage the SOX 404 controls process as it relates to the global consolidated income tax provision, partner with Univar’s financial statement auditor and Financial Reporting & Analysis team as a key stakeholder in global EBT data delivery and contribute to special projects within the Global Tax Department as needed.

This position oversees and resolves highly complex tax reporting and strategic planning issues with high impact to the organization. On a day-to-day basis, this position will be expected to fulfill the financial income tax reporting obligations of the enterprise and lead continuous process improvements within the global consolidated income tax provision process. Duties Include:

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IRS Trends And Challenges

IRS LOGO May

According to the IRS Strategic Plan FY 2018 to 2020, these are the major Trends and Challenges going forward:

SERVING AN INCREASINGLY COMPLEX TAX BASE

The U.S. tax base is becoming more complex. Economic and demographic changes in our society have fundamentally changed the way citizens earn money and the way we live. U.S. workers earning income through contracting or freelancing is projected to increase as more workers pursue flexible arrangements or earn income through digital platforms and app-based businesses (the “gig economy”).

This shift in income sources requires the IRS to adapt its outreach and enforcement efforts. According to one assessment, in the gig economy, nearly one-third of those earning money through app-based platforms were unaware of their tax status as small business owners. This likely affects the rate of voluntary tax compliance. In addition to changes in employment trends, family structures and living habits are shifting. A record number of Americans live in multigenerational households, a dynamic that could affect a taxpayer’s ability to claim deductions and credits accurately. This highlights the growing need for IRS to communicate eligibility requirements and verify compliance.

MANAGING GLOBAL TAX COOPERATION

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Innocent Spouse: Are You Being Pursued For Taxes You Know Nothing About?

Venar Ayar- Innocent Spouse

A significant number of couples choose to file joint taxes to mainly take advantage of the higher standard deductions and other benefits that married couples enjoy. However, most of these couples do not understand the legal ramifications that come with the joint-filing status. The government, for example, is allowed to come after either spouse in the event that there is a debt or wrongdoing by the other partner. If you are facing such a problem, this is where innocent spouse relief can help you. Having this problem in the midst of a divorce can make it even more complex since divorces are mostly traumatic.

All you need to know about innocent spouse relief

While it is possible for an innocent spouse to get some relief, this can only be possible under the right circumstances. First, this relief is only available for income taxes since employment taxes are excluded. Second, the relief can only be invoked by spouses that filed a joint income tax return. Those that filed returns on the basis of married filing separate are not entitled to the relief since everyone in such an arrangement is responsible for their taxes. Third, the IRS and even the courts are likely to disregard any tax liability that a couple may have set out in their divorce proceedings. Finally, it is also important to check with the laws from your state to ensure that you can get relief from both the IRS and your state.

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Watch TaxConnections YouTube Live Stream Event Today: United States Taxation Of Citizens Worldwide

Citizenship
TODAY IS THE DAY TO WATCH TAXCONNECTIONS LIVE

We invite you all to join us at TaxConnections Live Stream Event Today – Friday, May 17th 2019. This is a wonderful opportunity for taxpayers and tax professionals to learn from leading experts about the taxation of U.S. citizens worldwide.

TaxConnections is proud to introduce leading experts John Richardson, Edward Zelinsky along with our Moderator William Byrnes.

Join Us At 2:00PM EST/ 1:00PM CT/12:00Noon MT/11:00AM PDT

GO TO TAXCONNECTIONS YOUTUBE CHANNEL TO WATCH LIVE

 

 

Tax Director, Global Tax Reporting (Midwest)

Tax Director, Global Tax Reporting

This position reports directory to the VP of Corporate Taxation and as Tax Director, Global Tax Reporting is responsible for oversight and preparation of the global consolidate income tax provision in accordance with US GAAP accounting principles, manage the SOX 404 controls process as it relates to the global consolidated income tax provision, partner with Univar’s financial statement auditor and Financial Reporting & Analysis team as a key stakeholder in global EBT data delivery and contribute to special projects within the Global Tax Department as needed.

This position oversees and resolves highly complex tax reporting and strategic planning issues with high impact to the organization. On a day-to-day basis, this position will be expected to fulfill the financial income tax reporting obligations of the enterprise and lead continuous process improvements within the global consolidated income tax provision process. Duties Include:

Read more

Senior Director of Tax (New Jersey)

Senior Director Tax

TaxConnections has been retained to conduct a search for a Senior Director of Tax for a publically listed regulated company in the New Jersey area. With a presence in more than 46 U.S. states and Canada this company employs more than 7,000 professionals. Our client seeks a tax executive with experience in a regulated industry to lead and develop a strong tax team.

Key Responsibilities Include The Following:

  • Leads departmental research initiatives and interprets tax law; defines and implements corporate tax strategies, policies and standard operating procedures to ensure on-going compliance with statutory tax laws; manages exposure to risk; maximizes and leverages tax benefits and minimizes the company’s overall tax liability within a regulatory industry and rate case construct.
  • Anticipates and plans for developing and upcoming tax issues, and communicates them effectively to senior executives.
  • Ensures that the performance of the tax reporting and compliance staff results in the prompt and accurate processing and filing of the relevant tax returns and manage payment of the relevant taxes to the relevant tax authorities on time.
  • Reviews extraordinary tax audit, sox compliance and litigation issues. Read more

Criminal Investigations And Penalties For IRS Offshore Disclosure

Venar Ayar- Voluntary Disclosures

According to the IRS, the US loses several billions of dollars every year as a consequence of individuals who either hide or fail to report their offshore revenue or foreign earnings. Offshore tax fraud or tax evasion is a crime if it is determined to have been committed willfully and one can face certain penalties or even jail time as imposed by the IRS. It is important to note that the IRS conducts civil audits to determine whether or not you are hiding your offshore income, revenue and filing false tax liabilities.

The IRS requires individuals with offshore accounts, investments, assets, and income to accurately report them and on time. Failure to do so results in penalties by the IRS which can be quite severe depending on the value hidden from taxation. In recent years the Internal Revenue Service alongside the United States government has prioritized the disclosure of offshore and foreign money and assets. Those that willfully choose not to comply or through ignorance do not do so become penalized in ways unique to their crimes and falsifications respectively.

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TaxConnections Hosts Worldwide Citizenship Taxation Debate: You Are Invited To Attend Friday, May 17th 2019

Lets Debate 2

Lawyers John Richardson and Edward Zelinsky will present their views on Worldwide Citizenship Taxation on a live stream YOUTUBE event hosted by TaxConnections on Friday, May 17th 2019. The mission of this presentation is to provide important views on Worldwide Citizenship Taxation.

We have asked the following question to both speakers:

“Should The United States Impose Worldwide Citizenship Taxation And Reporting On People Who Are Residents Of Other Countries?”

TaxConnections Friday, May 17th Livestream Presentation Will Focus On:

1. Presenting two opposing perspectives on Worldwide Citizenship Taxation.

2. Educate taxpayers and tax professionals on worldwide citizenship taxation.

3. Provide perspective from taxpayers and tax professionals globally.

Please register to receive an invitation and updates on this very important and educational online event. You can help us by sharing this blog post with everyone you know who may be affected by Citizenship Based Taxation and who want to learn from two leading experts on the subject.

Register Here For Complimentary Invitation To Watch Live Stream

Complimentary Webinar: ASC 740 International Issues – Friday May 17th 2019 11:00AM EST

Nick Frank asc 740 international

This course will discuss U.S. international tax topics such as FTCs, CFCs, GILTI and FDII in the context of ASC 740. It is a great course for practitioners new to ASC 740 or brushing up on their skills.

As a nationally recognized expert on tax provision, Nick developed tax software that makes the tax provision process simple for corporate tax professionals and public accounting firms. You no longer need to pay for expensive and complicated tax provision software or someone to spend hours doing the calculations. As a tax provision expert, Nick teaches you a much more affordable and simple way to complete the tax provision.

Tax Prodigy is being implemented in Fortune 1000 tax departments and public accounting firms nationally and internationally. Tax Prodigy tax provision software is super easy to understand; it can be up and implemented in a multinational corporation in less than thirty days; and it is super affordable.

Register To Attend Complimentary ASC 740 International Training

 

 

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