Has anyone dealt with a capital reduction without a payout? Trying to see how this is treated if a CFC of a US company reduces its share premium to offset a deficit in retained earnings. Is it a dividend for US income tax purposes if no consideration was paid?

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Haven't run into that, but I can't see how it'd be considered a dividend for US tax purposes. Sounds like a reclass entry based on non-US GAAP.

More Posts

Hey Partners! How has your Work life balance changed when you transitioned to PPMD from SM? Was it considerably better? More time with family? Which position would you equate with more hours/stress?

likeupliftingsmarthelpful

I'm a data scientist with a Master's in analytics, experience in the field and am in a new contractor role in an office where I thought I would be doing DS work. I am pitching ideas for new analytics and models, but I essentially get told that they like my idea and to talk to "Bob" so he can implement it, but they want me to write up why it will bring value. How do I get this to stop. I want to be writing the code, not just the justification. Do I start the work before pitching?

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Hello!
Currently a senior consultant in the cyber security field at Deloitte. (Ignore the header never updated it) I’m looking for an opportunity to shift to FAANG. Is anyone looking for a mid level senior? Currently have 3-4 years of cyber experience managing people and running tech strategy projects. (Last one and half) Looking to move out because of certain reasons and do not want to disclose publicly.

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What happens when.... we're still doing distance learning in the fall... and the parents go back to work????

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Is studying for the CFA relevant in transaction services?

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I have offers from Bain and BCG on the west coast. Any insight on how to choose between the two would be appreciated.

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For anyone that completed their Certified Associate Project Manager (CAPM) certification. How did you prep for the exam? What resources helped you? What steps did you take to complete it? How was the exam?

I’m planning on getting mine this month. I’m a bit confused after reading the guide/handbook yesterday.

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We have the concept of PM crits at our org, I’m curious if other PMs on here have these at yours? How do you ensure you get the most out of it? Struggling to wrap my head around what I’m supposed to be getting from these sessions (attended by other PMs, Devs and Design)

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Does anyone use Fundations in 1st grade? We are piloting it in our district as a tier 1 for all kids as our daily phonics program. Trying to figure out how to set up classroom w/ all individual tools?

Hi,

I am done with the multiple rounds of technical interviews in PWC AC and HR confirmed that the feedback is positive and they are working on next process.
Its been one week I haven't received any communication on that. When I called HR, she told that background check team will reach out to me over email or call in some days.

Can anyone suggest if I should hope for the offer letter in this case from PWC AC or not.
Also, what salary I should negotiate for Senior Associate.

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Hi, I’m hoping to switch into product management from tech consulting and I’d like to be based out of ATX, if possible. Is anyone’s company hiring or willing to give a referral after a chat? I have just about 2 years of experience. Really appreciate the help, thank you!

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Does inflation ever go down or is this just the new normal?! Things are getting more and more expensive. This is ridiculous

funnylike

Does your company have a pet policy?

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What is an average salary for Epic Principal trainer here at dfw texas?

Best Marriott property in Amsterdam? Location and value wise? Plan to do 5 nights on points but seeing mixed reviews on several of them

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Do you think the hiring process is altered if you have an employee referral from a VP in the company?

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Need some opinions on whether I am qualified enough to get my foot in the door for consulting.
1.5 YOE as a Financial Advisor, 1 YOE as AVP FA of a branch, and 1 YOE as an AVP internal product specialist on the performance team. Large brokerage firm all 3.5 yeara. BBA in finance, CRPC. If so, what should i be looking for?

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Joining Accenture as a lateral MD next month. Any inputs on how to build network and connect with fellow MDs, especially in a remote setup? Are people open to collaborate with “outsiders” at a senior level, or should I expect friction with people protecting their turf and sticking to their own connections? How is the work culture like at MD level? For context, I will join strat and consulting.

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Please help. Two questions:
1. How is hsbc risk Analytics decision sciences team in terms of data science?
2. Does hsbc release offer letter before bgv or after it?

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Any Bachelor fans here have thoughts on Anna? I was so excited to have a copywriter on the show (never seen one on bachelor before), and feeling a little disappointed :/ I was so rooting for her!

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Additional Posts in Tax Bowl

How much admin/non billable time is good on a weekly timesheet? I try to limit it to 30 minutes a day...

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Show me a firm where I can do more tax than admin, that gives employees laptops capable of handling the file sizes, and I’m there.

likefunnyupliftingsmart

I just recently escaped AWM Tax as an experienced associate into a industry role in Global Tax/Income Tax/ASC 740. Any tips on how I can adjust to the learning curve as I don’t really have much experience outside of AWM?

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Just joined ey this July and got my first review. It was a mix of almost always and usually. Is that bad? Someone said usually is bad? Please explain as I am confused

Can anyone speak to what first year JD/LLMs make at Deloitte? Interested in SALT, International and M&A.

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Anyone can share salary negotiation techniques for fresh grad? Offered $70k NY for tax staff. (Got 3 similar offers on hand. Have a master’s degree, 3.5 years experience in a small CPA firm while in school and 2 tax internships at B4/midsize) Want to push it higher but don’t know how much is reasonable.

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About to quit a job in just one month of joining... what should I do...just hit the exit button, or keep a call with the Manager or the HR?

What are the things that I should say as the reason to quit so that I face the least issues.
I am just quitting for a better opportunity but don't want to burn the bridges here at the same time.

Would request the experienced fishes to help me with this. I am new to these kind of situations and really need help with how to handle this.

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Got a job offer from MGO for a 50% increase in pay. I already feel underpaid and overworked.
I’ve seen some really positive things with the firm and really negative things. I’m looking for other perspectives and any information in general if you currently work for the company.

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How do you actually get better at asking questions during the tax return prep process? I always can’t think of questions to ask…

How is everyone complying with the K-2s requirement to report BEAT payments paid to related parties?

It seems practically impossible especially when dealing with private equity partners/members.

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What’s the difference in big4 senior vs manager?

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Does anyone know if you could file a non-automatic and an automatic change on the same 3115? I have a situation where a non-automatic change needs to be filed to move items from building to 5 and 15 year property as a result of a cost seg. Also want to do the automatic change from 40 to 30 years ADS for Residential Real Property under 163j. Missed the deadline to file the non-automatic in 2020 and doesn’t make sense to do the 40 to 30 change first.

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Can any EY folks share what the employee benefit tax return process is like? I have been doing my and my family’s tax returns in CCH for a few years but I will be starting at EY soon. I’m planning on exporting the CCH file but not sure what it’s like at EY or what software is used. Thanks!

likehelpful

Which group in EY tax doesn’t have busy seasons?

funnylike

How hard it is to pivot from domestic compliance to international tax? Background- I have an opportunity to do foreign tax provision for a MNC but I only have domestic provision experiences… This is a great company but I don’t know if it is worth it to make this transition, especially considering that I have a young kid.

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Anyone work in tax at a big four and has flexible hour arrangement? I would like to have my first child soon and I wanna know if flexible hour arrangement is a feasible option.

likehelpful

When are the typical busy seasons for Baker Tilly Federal Tax (or other middle market firms)? Mainly just curious if it’s the same year round busy season I’m used to at big 4 due to regular tax compliance, quarters, and various public/private financial statement audits.

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Seems like a lot of fund administrators are getting into the tax preparation of partnerships business.

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Posted in a different bowl but no one from tax responded. How long did it take you and what level did you reach milestone base salaries ($100k, $150k, $200k)?

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Can someone explain how the stimulus bill affects the 2020 for individuals?

likehelpful

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