By David Hardesty
All of these books and services are published by the Tax and Accounting Division of Thomson Reuters
Electronic Commerce: Taxation and Planning: The book addresses the U.S., international, and state and local tax considerations associated with electronic commerce transactions.
In addition, the author explains the processes that are involved in starting and operating an electronic commerce site, from web page development to the closing of transactions over the Internet.
Compensatory Options / Checkpoint Catalyst Topic 653: This topic discusses the taxation of equity options awarded to employees and nonemployess as compensation for the performance of services. This Topic explains the federal income tax consequences to both issuers (i.e., C corporations, S corporations, and partnerships) and recipients (i.e., employees, independent contractors, and partners) on the issuance, exercise, and expiration of various types of compensatory options (nonqualified stock options, incentive stock options, employee stock purchase plan options, and partnership options), including the application of IRC § 83 as it applies to nonqualified (i.e., nonstatutory) options, and the application of IRC § 421, IRC § 422, and IRC § 423 as they apply to qualified (statutory) stock options. This Topic also discusses ancillary issues, including employment tax consequences, income tax withholding, the modification of options, and the consequences of transferring options by gift, at death, or incident to divorce.
Classification of U.S. Resident and Non-Resident Aliens and Foreign Entities / Checkpoint Catalyst Topic 2201: This topic provides a comprehensive look at the classification of individuals as U.S. citizens and resident, and nonresident aliens, and the classification of corporations, partnerships, trusts and estates as foreign or domestic. Classifications under U.S. internal law governs the U.S. taxation of foreign individuals and entities, but a bilateral income tax treaty can override classification. This Topic explains how the green card test and the substantial presence test are applied and how to determine when U.S. residency starts and ends. It also covers the various elections for changing residency status. The discussion of the classification of entities as either foreign or domestic is based primarily on IRC § 7701(a) and the related regulations. Finally, this Topic considers the question of classification of individuals and entities as residents or nonresidents under U.S. bilateral income tax treaties. Only residents of a country are eligible for benefits under a treaty with the U.S.
U.S. Income Taxation of Foreign Persons: Business Income / Catalyst Topic 2202: This topic discusses how nonresident alien individuals, foreign corporations, and other taxable foreign entities (foreign taxpayers) are taxed in the U.S. on business income. Foreign taxpayers are subject to U.S. tax on income that is effectively connected with the conduct of a U.S. trade or business unless a U.S. tax treaty applies, in which case, foreign taxpayers can elect to limit the business income subject to U.S. tax to business profits that are attributable to a U.S. permanent establishment. This Topic also explores the determination of a U.S. trade or business, the classification of effectively connected income, the existence of a U.S. permanent establishment, the attribution of income to a permanent establishment, the branch profits tax, and the base erosion and anti-abuse tax.
U.S. Income Taxation of Foreign Persons: Branch Level Taxes / Checkpoint Catalyst Topic 2203: This topic discusses how foreign corporations are subject to the U.S. branch profits tax (BPT), and the tax on excess interest. It also covers the characterization of branch interest as interest paid by a U.S. corporation. The main areas covered by this Topic are the taxpayers subject to the BPT, the tax on excess interest, and the tax on branch interest; the calculation of the BPT, the tax on excess interest, and branch interest; the effect on the BPT of the termination of a U.S. trade or business (USTB), the liquidation or reorganization of a foreign corporation, or the incorporation of a USTB; the effect of tax treaties on the BPT, tax on excess interest, and branch interest; and persons who are qualified residents or qualified persons of foreign countries, and therefore eligible for reduced branch-level taxes under treaties between those countries and the U.S.
Accounting for Stock Compensation: This book is a comprehensive treatment of the financial reporting, accounting, and taxation of stock compensation. Stock compensation covered by this product includes all forms of share-based payments to employees for services, and to nonemployees for either goods or services. This book provides extensive coverage of the fair-value-based method as it relates to restricted and unrestricted stock, qualified and nonqualified stock options, stock appreciation rights, employee stock ownership plans (ESOPs), and employee share purchase plans (ESPPs).
SEC Expert: Domestic Filers (co-author): The online service provides guidance on SEC compliance guidance. It include guidance, expert analysis, sample disclosures, and checklists for the most common U.S. public SEC filings. Coverage includes rules and regulations and frequent updates to help keep you on top of the latest SEC, FASB, and PCAOB regulatory developments, to assist public entities with financial reporting.
Practical Guide to Corporate Governance and Accounting: Implementing the Requirements of the Sarbanes-Oxley Act: This book provides a complete analysis of the Sarbanes-Oxley Act, including its history, its amendments, and the related rules and regulations issued by the SEC and PCAOB. It also discusses the provisions of the Dodd-Frank Act and the JOBS Act that amend Sarbanes-Oxley. An issue of continuing importance is the performance of accounting and tax services by auditors for their public company audit clients. This text provides complete coverage of the limitations placed on the ability of auditors to perform such services for their clients, and provides strategies for working within these limitations.
Corporate Director’s Deskbook (co-author): This book provides complete guidance for corporate directors. Companies’ exposure to risk, whether data security breaches, improper home mortgage practices, improper foreign payments, financial risk-taking, and a myriad of other challenges, has become a central focus of corporate America and boards of directors. The damage to corporate and personal reputations when these risks come home to roost can be disastrous for stock prices and careers. Not surprisingly, the board’s role in managing risks has been the focus of stockholder suits, regulatory investigations, ISS “withhold” campaigns, and institutional investors.
Note: All of the above books are published by Thomson Reuters Tax & Accounting