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  • Sales tax compliance after Wayfair – “Heads up!” to businesses delivering products or services out of state

    Summer 2019
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 794

    Abstract: Since the U.S. Supreme Court’s landmark 2018 decision in South Dakota v. Wayfair, most states have enacted, begun enforcing or proposed “economic nexus” statutes. These statutes impose sales tax collection obligations on out-of-state sellers based on their economic activities in the state, regardless of whether they have a physical presence in that state. This article discusses the effects of Wayfair, including the concept of “nexus” and steps that businesses must take to comply with state laws.

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  • When the target doesn’t fit – How to customize your acquisition

    June / July 2016
    Newsletter: Merger & Acquisition Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 794

    Abstract: Buyers often decline otherwise attractive acquisitions because the target company seems incompatible with their own organization. But as this article argues, it’s possible to tailor an acquisition to the buyer’s specifications by, for example, spinning off a division or reducing the target’s workforce. A sidebar discusses ways to resolve cultural incompatibilities between merging companies.

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  • Too good to be true? Some courts are allowing multitiered valuation discounts

    July / August 2013
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 794

    Abstract: The Tax Court has upheld the concept of tiered valuation discounts in several high-profile recent cases, including Astleford v. Commissioner and Gow v. Commissioner. This article outlines some key points a valuator considers when supporting valuation discounts in a multitiered entity. The article describes how tiered discounts work, using recent cases to illustrate. It then notes that, to qualify for a discount and withstand Tax Court scrutiny, each tier must be reasonable and well documented and have a bona fide business purpose. Astleford v. Commissioner (T.C. Memo 2008-128); Gow v. Commissioner (T.C. Memo 2000-93); Estate of O’Connell v. Commissioner, T.C. Memo 1978-191, aff’d on this point, rev’d on other issues 640 F.2d 249 (9th Cir.1981).

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  • Will your deal fall through? — Avoiding M&A pitfalls

    September / October 2011
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 794

    Abstract: Many mergers and acquisitions (M&As) fall through because they fail to make sound financial sense. Sometimes M&A participants rely on industry rules of thumb, which prove insufficient as the sole basis for a deal. This article talks about the problems that may occur when buyers overpay. It also notes the need for thorough due diligence conducted by a financial expert to determine whether a proposed deal will hold up in the real world.

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  • Form 990: The next steps

    Winter 2009
    Newsletter: Nonprofit Observer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 794

    Abstract: After years of review and revision, the much-discussed redesigned Form 990 is no longer a theoretical entity that nonprofits will have to deal with “some day.” Some day is now. This article provides guidance on completing the form and explains how nonprofits can use its new parts, such as the summary section, to their best advantage.

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