1、资产的税务处理(Tax treatment of assets)The assets of an enterprise include fixed assets, biological assets, intangible assets, long-term prepaid expenses, investment assets, inventories, etc., and the historical cost is the basis of taxation.The historical cost referred to in the preceding ...
social, or similar activities such as a holiday party or a summer picnic. In addition, the limit is waived if you sell meals to the public or provide them as a means of advertising or promoting goodwill in the community such as distributing free food and beverages. ...
The tax treatment of the target’s shareholders is unaffected by a 338(g) election since the deemed asset sale does not occur untilafterthe transaction is complete and the selling shareholders have already sold their stock. Therefore, a 338(g) election results in two levels of tax: 1) selli...
The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last four years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summ...
Distributions in excess of the amount taxable as dividend income will reduce an investor's tax basis in its units, or produce capital gain to the extent they exceed an investor's tax basis. Kimbell Royalty Partners announces expected income tax treatment on earnings Historically, it was defended...
(Pub. L. No. 97-34, Aug. 13, 1981, 95 Stat. 172). The most sweeping tax changes sinceWorld War IIwere enacted in the Tax Reform Act of 1986. This bill was signed into law by Presidentronald reaganand was designed to equalize the tax treatment of various assets, eliminate tax ...
e) Treatment of Goodwill Under current taxation laws, there are no deductions available for the acquisition of goodwill. New capital allowance provisions will provide for amortisation deductions for certain types of intangible property. While this will not extend to goodwill, a purchaser might be ...
California Makes Treatment of Tips and Gratuities Consistent with Records Kept for IRS Arizona Postpones Effective Date of TPT Simplification to January 1, 2016 Florida DOR Releases Free Mobile App for Tax-Exempt Sales Electronically Delivered Prewritten Software Sold with Tangible Personal Property Taxab...
2024 was a good year, but 2025 is going to be much better. It could be that your business is taking off or you will have a full-year of being in business, or something to push your marginal tax rate up in 2025. In this example, and in the interest of aligning income and deduction...
goodwill and going concern value raise significant policy concerns—chiefly, that the U.S. tax base is being eroded due to the incentives taxpayers have to “exploit” the favorable treatment of foreign goodwill and going concern value through the use of “aggressive” transfer pricing positi...