At Nielsen, it is important for us to be connected in many ways. Our US Payroll Tax Operations manager works cross-functionally with areas of HR, Tax, and Legal to drive compliance with US payroll remittance, reporting, and filing obligations related to local, state, and Federal tax laws.
We also have opportunities to be connected with overseeing third-party vendor(s) that supports the registration and/or closure of employment tax localities as well as the withholding, filing, remittance as well as preparation of payroll tax returns.
While you're here, how about this:
Challenges in taxation of oil and gas partnerships - Lexology
Recent years have seen a significant increase in publicly raised capital on the stock market by partnerships engaged in oil and gas exploration, which presents challenges due to existing tax legislation in Israel.
In general, partnerships are not subject to income tax, as they are pass-through entities whereby each partner is taxed on its share of income from the partnership. However, the legislature granted oil and gas partnerships the discretion to elect whether to be taxed as a partnership or a company.
United States: Final regulations issued for dispositions by foreign persons of interests in
On 21 September 2020, the US Treasury and the IRS finalized regulations under Section 864(c)(8), generally retaining the basic approach and structure of the proposed regulations issued on 20 December 2018 (REG-113604-18).
Section 864(c)(8), which was added to the Code by the Tax Cuts and Jobs Act in 2017, generally provides that if a nonresident alien individual or foreign corporation owns an interest in a partnership engaged in a US trade or business, the gain or loss on the sale or exchange of the partnership interest by the foreign person is taxable in the US.
Tax guidance for farm businesses - Times Gazette
Do you need a resource to answer those tough farm tax questions? If so, you can access the Farmer’s Tax Guide (IRS Publication 225) online at: https://www.irs.gov/pub/irs-pdf/p225.pdf.
The 2020 Farmer’s Tax Guide explains how federal tax laws apply to farming. This guide can be used as a guide for farmers to figure taxes and complete their farm tax return.
The explanations and examples in this publication reflect the Internal Revenue Service’s interpretation of tax laws enacted by Congress, Treasury regulations, and court decisions. However, the information given does not cover every situation and is not intended to replace the law or change its meaning.
Many things are taking place:
Justices Likely To Shield Treasury From Preemptive Action - Law360
In the legal profession, information is the key to success. You have to know what's happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
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BlackRock Capital Allocation Trust Announces Initial Distribution and Fund Commentary | Business
*The yield on the IPO price shown above is calculated by dividing the initial monthly per-share distribution by the Trust's IPO price of $20.00 per share and annualizing the results.
The estimated sources of the Trust's distribution as of November 30, 2020 and for its current fiscal year are as follows:
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1The Trust estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Trust's investment performance and should not be confused with 'yield' or 'income'.
IRS Mulling Tax Relief For Unexpected Foreign Subsidiaries - Law360
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Proposed Changes To The Estate And Gift Tax Laws - Tax - United States
As the year 2020 draws to a close, and the word "unprecedented" begins to wear thin, tax planning remains an ever-important goal. Although the details of President-elect Biden's gift and estate tax proposals are currently limited, there are several items on the Democratic Party's agenda that, if enacted, would profoundly impact estate planning strategies.
The final composition of the Senate remains uncertain until January, 2021. It is therefore even more unclear whether and when any such proposed reforms will be enacted, and if they are, what their final form will be. Given the current political environment, tax legislation bearing on estates and gifts, while possible, is unlikely to have a retroactive effective date as of January 1, 2021.
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