Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

December 2011

Posted January 30, 2012

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In this Issue:

Don't Miss Out on These Year-End Tax Breaks

By this time of year, tax planning should be checked off your list. As you tie up the loose ends in the remaining days of 2011, you’ll want to make sure you have considered these tax saving opportunities.

Feds Make Three Proposals on State Internet Sales Tax

Shrinking state tax revenues have fueled a rash of federal proposals that would allow states to collect sales and use tax from "remote sellers" such as those who do business through Amazon and eBay. Three proposals on the table could dramatically change the way online sellers operate and pay taxes.

Understanding Transfer Pricing, Part III

In Part III of this three-part series, we are focusing on the determination of the "tested party," the importance of geographic markets, certain "special circumstances" and a few audit triggers.