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Court Precedent Looms over IRS "Crisis" Fix

In a move to stave off the effects of the credit crisis, the IRS extended the loan payback period for tax-free loans from foreign subsidiaries. But now another issue emerges that could wipe out that benefit.

December 8, 2008

A rule change released by the Internal Revenue Service regarding so-called controlled foreign corporations (CFCs) may give tax managers pause as they head to the end of the year. The reason: the change — dubbed Notice 2008-91 — and put in place to help companies weather the credit crisis, could fail to do its job if a precedent-setting case involving Jacobs Engineering Group is widely applied. Read more...

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More Working Capital Articles

Cashing In
Squeezing cash out of operations is more important than ever, yet for most companies that is easier said than done. December 8, 2008
CFO Survey: Credit Noose Is Tightening
Bank-client relationships are fraying, and TARP capital will do little to stimulate lending to companies in need of funds, say finance chiefs. November 26, 2008
Crisis Spawns Payables-Receivables Crunch
CFOs are paying close attention to both the payment terms their suppliers are demanding and the credit terms of their customers. November 6, 2008
No Time to Lose: The 2008 Working Capital Scorecard
Tempted to extend payment terms? That's one sign that working capital demands your immediate attention. September 1, 2008
Dash for Cash
With credit at a premium, freeing up funds from working capital gains a new urgency. July 8, 2008
Working Capital Scorecard 2008
Companies have improved working capital management, but not by much. July 7, 2008
Keeping Cash Safe
As the economy sputters, companies are striving to maintain their liquidity. June 1, 2008
Let the Games Continue
The practice of manipulating working capital in the fourth quarter appears to be alive and well. May 1, 2008
Preparing Your Company for Recession
Face it: Financial crises are inevitable. To emerge strong, companies must be quick and smart in their responses. January 30, 2008