You would never know what was hidden in these regulations unless you conduct extensive research which we did for our members. We will be providing our research to our members. Based on a preliminary review, these proposals could be very far reaching and effect a wide range of our member’s clients. These proposals deserve your immediate review!
TaxConnections Members should study this very important information in order to make comments or request a public hearing on areas that will impact you and your clients. If you want to comment or request a public hearing please make note of the date of May 14, 2018. You must make a request for a public hearing before this date.
Treasury Regulations §1.179A-1(Recapture of Deduction For Qualified Clean-Fuel Vehicle Property)
These regulations provide guidance under Section 179A. Section 179A was repealed by Section 221(a) (34) (A) of the Tax Increase Prevention Act of 2014, effective December 19, 2014. Public Law No. 113-295.
Treasury Regulations §§1.244-1(Deduction For Dividends Received On Certain Preferred Stock
and Treasury Regulation 1.244-2 (Computation of Deduction)
These regulations provide guidance under section 244. Section 244 was repealed by section 221(a) (41)(A) of the Tax Increase Prevention Act of 2014, effective December 19, 2014. Public Law No.113-295.
Treasury Regulations §§1.341-1(Collapsible Corporations) through
Treasury Regulations 1.341-7 (Sales of Stock Consenting Corporations)
These regulations provide guidance under Section 341. Section 341 was temporarily repealed until December 31, 2010, by Section 302(e) (4) of the Jobs and Growth Tax Relief and Reconciliation Act of2003, effective for taxable years beginning after December 31, 2002. Public Law No. 108-27. Section 102 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, extended the repeal until December 31, 2012. Public Law No. 111-312. Section 102(a) of the American Taxpayer Relief Act of 2012 made the repeal of Section 341 permanent. Public Law No. 112-240.
Treasury Regulations §§1.405-1(Qualified Bond Purchase Plans) through
Treasury Regulations 1.405-3 (Taxation of Retirement Bonds)
These regulations provide guidance under section 405 relating to qualified bond purchase plans. Section 405 was repealed by Section 491(a) of the Deficit Reduction Act of 1984, effective for obligations issued after December 31, 1983. Public Law No. 98-369.
Treasury Regulations §1.501(k)-1 (Communist Controlled Organization)
These regulations provide guidance under Section 501(s) relating to non-exemption of Communist-Controlled Organizations. Section 501(s) was repealed by section 221(a) (62) of the Tax Increase Prevention Act of 2014, effective December 19, 2014. Public Law No. 113-295.
Treasury Regulations §§1.551-3 (Deductions For Obligations Of US Citizens) through
Treasury Regulation 1.551-5 (Effect On Capital Accounts Of Foreign Personal Holding Company)
These regulations provide guidance under section 551. Section 551 was repealed by Section 413(a)(1) of the American Jobs Creation Act of 2004, effective for taxable years of foreign corporations beginning after December 31, 2004, and for taxable years of United States shareholders with or within which such taxable years of foreign corporations end. Public Law No. 108-357.
Treasury Regulations §§1.552-1 (Foreign Personal Holding Company) through
Treasury Regulations 1.552-5 (US Shareholder Of Excluded Bank)
Kat Jennings, TaxConnections, CEO and Founder and Advisory Team provides three areas of services: 1) Internationally recognized, retained executive search services for multinational corporations, public accounting firms, and law firms; 2) Introductions of sellers to buyers of small and medium size accounting firms; and 3) Provide brand building and education services that support and prepare accounting firm owners to buy/sell an accounting practice. We focus on educating the journey to sell a practice and how to increase firm revenue prior to any sale. Our program ensures you start years prior to a sale by learning what is expected of you during the selling process, and introducing firm Partners to cross selling opportunities that are easy to implement and reduce your workload at the same time. We introduce you to value added connections to smartly grow revenue in your accounting practice.
Kat Jennings has been retained by organizations worldwide to locate tax professionals with highly specialized tax knowledge and expertise. She has a thorough understanding of the tax business community, with a proven record of stellar performances matching professionals with organizations. Bringing two parties together to work successfully is the art of understanding personalities, cultural fit, expectations by both parties, flexible or inflexible work environments, understanding what drives and motivates each party, and revolves around the personality and ethics of each executive team.
Kat is a widely recognized expert in high level, tax executive search, as well as connecting buyers and sellers of accounting firms. TaxConnections provides and educates small to medium size accounting firms owners and Partners how to prepare and sell their firms so they can build a succession plan for their retirement. With larger firms seeking to acquire smaller accounting practices, there is a real need to help firm owners prepare to be acquired. Most firm owners are unaware they are not ready to sell when they decide to retire. TaxConnections educates firm owners’ what they need to do years in advance of selling an accounting firm practice.
Senior tax executives expect the utmost privacy when being introduced to multinational organizations about a new tax opportunity under consideration. Having said that, companies searching for a new head of tax expecting tax executive candidates to submit their resume through a resume portal, will never see a full slate of outstanding tax executives available due to a candidates’ desire for greater privacy. This is why privacy focused Uber Tax Recruiters consistently outperform in-house recruiters on tax executive searches.
We offer our clients a Performance Retainer Agreement arrangement so their HR department can still recruit and compete with the tax candidates we present on Head of Tax searches. The client pays us a partial fee upfront, and if they find a candidate they deem better than we introduce to them, we forfeit the final fee. Most of the time, they love and prefer our private introductions to tax executive candidates better than what they source through their own resume portals.
When we represent selling/buying small to medium-sized firms, firm owners/partners also demand greater privacy when considering the sale of their practice. TaxConnections provides a safe place to discuss their business needs, elevate their practices’ online reputation, and increase revenue through new streams of business development by outsourcing work and partnering with other firms. Over three decades, we have worked tirelessly to build relationships between firm owners most organizations rarely have access to in the world of tax. There are numerous possibilities you may never have considered previously to bolster the value of your practice and service offerings.
As a globally recognized consultant to multinational organizations, accounting firms, and law firms searching for tax expertise, Kat has been retained by public accounting firms, law firms, and corporations worldwide including Apple Computer, AC Neilson, Accenture, Agilent Technologies, Allergan, Alza, American Express, American Media, Aon, Baker & McKenzie, Barclays Bank, Bechtel, Cargill, Carl Zieuss Vision, Century Aluminum, Chevron, Clorox, Citigroup, Commercials Metals, Constellation Energy, Countrywide, Del Monte, Deloitte Touche, DFS, DLA Piper, E&J Gallo Winery, Electronic Arts, Ernst &Young, Fox Entertainment, Fremont Investments, General Electric,General Motors, Herbalife, Hewlett Packard, Hyatt, Intel, Jones Lang LaSalle, Kimco Realty, KLA Tencor, Koch Industries, KPMG, Levi Strauss, Liberty Mutual, LKQ, Loews, Logitech, Lucas Film, Maersk, McKesson, Nalco, Newell Rubbermaid, Nissan, Oracle, Orbitax, Pacific Gas & Electric, PwC, QAD, SAIC, SanDisk, Sanmina, Sempra Energy, SONY, Synopsys, Ticketmaster, Trimble Navigation, Toyota, Univar, Wal-Mart, Wells Fargo, Vertex, Yahoo, Xilinx, and many more not listed here.
Contact Kat at 858,999.0053 Office/858.232.4415 Cell or kat@taxconnections.com to request a private consultation regarding the sale of your practice, adding top talent to your organization, or merging your practice with another firm owner with a book of business. The possibilities are endless; if you have a dream of a new vision for your professional life; we will scout opportunities throughout the market to make it happen.
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