The New York office of WTAS is full of potential as demonstrated by its recent promotions of five Directors. Efrat (Efi) Avigdor, Ellen Bonito, Matthew Castagne, John Farro, and Michael Maglio were promoted to Managing… read more
James Tauber was promoted to Managing Director in the Chicago office of WTAS LLC after two years of service in the State and Local Tax Practice. Jim joined WTAS in 2007 as a Director after working at two international professional… read more
Sonny Ankrah was recently promoted to Managing Director for WTAS Philadelphia after five years of service in the State & Local Tax Services Group. Sonny joined WTAS in 2005 as a Manager and was promoted to Director in… read more
A company’s treatment of bonus accruals may create IRS audit exposure for accrual method taxpayers. Under IRC Sec. 446, bonuses must meet an “all events test” to be accrued at year-end. The all events test… read more
Successful businesses choose an organizational structure based on its future goals. These businesses consider both the current and future capital needs of the business, owner’s liability for the actions of the business… read more
Have you noticed the line on your California Income Tax Return marked “Use Tax?” The statement appears on all California Income Tax Returns but may be overlooked or misunderstood. By way of definition, use tax… read more
On April 18, 2010, Internal Revenue Service (IRS) issued its long-awaited draft schedule for disclosure of uncertain tax positions, creatively named Schedule UTP, and a companion announcement, Announcement 2010-30. The form… read more
Employee stock ownership plans (ESOPs) originated in 1974 with the passage of the Employee Retirement Income Security Act (ERISA). The intent of ERISA was to offer incentives for companies to allow employee participation… read more
We have long had death and taxes as the two standards of inevitability. But there are those who believe that death is the preferable of the two. “At least,” as one man said, “there’s one advantage… read more
Chicago, IL, June 24, 2010 — As the economy recovers and companies look to expand, more of them are entering into partnerships. This talk will provide an overview of the state taxation of flow-through investments emphasizing… read more