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MGO Perspectives
- Year-end Tax Planning Advice
- As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill this year and possibly the next. Factors that compound the challenge include the stock market's swoon, the difficult economic climate we're in right now, and the strong possibility that there will be tax changes in the works next year. In fact, there might even be another economic stimulus package carrying tax changes enacted before the end of this year.
- BDO Tax Alert - Executive Deferred Compensation Compliance
The December 31, 2008, deadline for compliance with Internal Revenue Code section 409A is quickly approaching. Companies must make all necessary revisions to any "deferred compensation plan" to comply with section 409A. The penalties for failure to timely comply are significant and include immediate taxation to the employee of deferred amounts, a 20 percent additional tax and an interest penalty.
- Fall 2008 Real Estate Monitor
BDO Seidman, LLP has issued the Fall 2008 Real Estate Monitor, which features timely articles on issues of interest to the real estate and hospitality industries.
- FIN 48 Tax Alert
On October 1, 2008, the FASB voted to defer the effective date of FIN 48 for certain pass-through entities and voted against a deferral for nonpublic companies. BDO Seidman, LLP has issued a Federal Tax Alert regarding this FIN 48 update.
- State Tax Alert: California Budget
BDO Seidman's Multistate Tax Practice has posted a new alert regarding the new California Budget, signed into law on September 23rd. This alert outlines the salient corporate tax changes in the budget, including changes in the use of NOLs, limits on tax credits, acceleration of estimated tax payments, and other important changes.
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