KPMG TaxWatch

Court of Federal Claims Approves Life Insurance Company's Deduction for Policyholder Dividends Guaranteed in the Aggregate TaxWatch | Feb. 20, 2012 | Tax This edition of What's News in Tax lays out the facts of Massachusetts Mutual Life Insurance Co. v. United States and provides analysis of how the court determined when policyholders' dividends are deductible under the all-events test.

Inside Indirect Tax - Global Updates From a U.S. Perspective TaxWatch | Feb. 09, 2012 | Tax This publication from KPMG LLP's U.S. Indirect Tax practice focuses on major indirect tax developments, changes and trends across Europe, the Middle East, Africa, Asia Pacific and the Americas.

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Residual Value Contracts Fall Outside the (Fuzzy) Line TaxWatch | Feb. 02, 2012 | Tax This article describes the recent IRS guidance regarding residual value insurance contracts used in leasing transactions, questions some of the IRSÂ’s analysis and its departure from earlier guidance, and considers what this all might mean for taxpayers.

Tax Dispute Resolution Quarterly - January 2012 TaxWatch | Jan. 31, 2012 | Tax Tax Dispute Resolution Quarterly, an interactive newsletter, helps to keep taxpayers abreast of news and trends by focusing on key issues related to tax examinations and appeals, as well as dispute resolution techniques and procedures.

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The Final Cost Sharing Regulations Attempt to Tighten the Loose Screws TaxWatch | Jan. 23, 2012 | Tax This edition of What's News in Tax reviews the recently released series of cost sharing regulations by the IRS and Treasury Department and considers when they are desirable for taxpayers.

Tax Treatment of Year-End Bonuses: An Update TaxWatch | Jan. 12, 2012 | Tax This article discusses the timing of tax deductions for year-end bonuses, including a recent revenue ruling from the IRS on the topic, and describes the remedial actions for correcting the tax treatment of year-end bonuses.

The Only Certainty for Tax Rates Is Uncertainty TaxWatch | Jan. 12, 2012 | Tax This edition of What's News in Tax provides a high-level summary of the current law for individual income tax rates, individual capital gains and dividend rates, and estate and gift tax rates. Additionally, the article discusses what might happen with regard to the expiration of the "Bush tax cuts."

Significant California Law Changes Require Analysis for 2011 Returns TaxWatch | Jan. 02, 2012 | Tax This article discusses the interplay of the California corporate income/franchise tax law changes, which coupled with the potential ability to change filing methods may result in opportunities (and pitfalls) for California corporate taxpayers.

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