Alex Martin Archives

[PRESS RELEASE] KBKG Named One of the World’s Leading Transfer Pricing Practice by International Tax Review

11/04/2021

Chicago, Illinois—November 4, 2021—KBKG, a nationwide tax specialty firm, was named one of the world’s leading transfer pricing firms by International Tax Review for 2021-2022. International Tax Review surveyed over 13,000 clients and 2,700 practitioners to identify the most effective transfer pricing advisors across 84 countries. KBKG’s transfer pricing practice is led by Alex Martin, … Read More

KBKG Introduces Tax Continuing Legal Education Credits for Attorneys

10/20/2021

KBKG has expanded its leading-edge continuing education offerings to include CLE credits for attorneys. We have partnered with the National Academy of Continuing Legal Education, a leading provider of accredited continuing legal education courses throughout the United States. Attorneys have 24/7 access to course offerings online or on DVDs. Our first CLE course is “Transfer … Read More

KBKG is Speaking on the PICPA Tax Con Webcast

10/12/2021

Paul McVoy, Sumit Sharma, and David Zarin will be speaking on the PICPA Tax Con Webcast. The Tax Conference brings together tax professionals in public or private accounting. If you’re attending the webcast, please come join our session. Our experts will be presenting on credits and incentives. They will discuss: Research & Development Tax Credit … Read More

KBKG is Speaking and Exhibiting at the ICPAS SUMMIT21

08/24/2021

Lester Cook, Alex Martin, and Michael Maroney will be speaking at the ICPAS SUMMIT21 along with our Regional Director, Kyle Ernsberger who will be exhibiting at booth 3. The Tax Conference brings together tax professionals in public or private accounting. If you’re at the conference, please come join our sessions or visit our booth. Our Principal Lester Cook, CCSP, will … Read More

Have You Seen CliffsNotes for the IRS? Know What to Expect During Your Next Audit

08/09/2021

Readers of a certain age may remember CliffsNotes, a lifeline for students who may not have read every book for English class. CliffsNotes were marketed as a study aid for students struggling with Macbeth, War & Peace, or a Tale of Two Cities. Occasionally, students would rely on the yellow-and-black books as salvation while studying … Read More

KBKG Tax Insight: IRS – Coca-Cola $3 billion Transfer Pricing Court Case Win

04/19/2021

“You Can’t Beat the Feeling . . . of a $3 billion-plus transfer pricing tax bill.” With apologies to the authors of the Coca-Cola’s 1988 marketing tagline, the IRS won a landmark transfer pricing tax court case against Coca-Cola on November 18, 2020. Coke now owes an additional $3 billion in taxes for 2007 through … Read More

US Treasury Secretary Janet Yellen Proposes Global Minimum Tax for Multinationals

04/06/2021

A new global minimum tax means companies operating internationally should expect an increase in US tax rates along with a wider net for capturing profits in low-tax countries. Treasury Secretary Janet Yellen called for a global minimum tax for multinationals in a speech to the Chicago Council of Global Advisors on April 5, 2021. Under … Read More

KBKG Tax Insight: Transfer Pricing Changes Drive Tax Savings for Coronavirus Impacted Companies

11/04/2020

As featured in Accounting Today Intercompany pricing corrections now can help generate cash by utilizing tax net operating losses. In a pandemic environment, longstanding transfer pricing policies can lead to suboptimal tax results. Multinationals that incur losses in some locations while earning generous profits in others could be overpaying taxes. For many companies, modifications to … Read More

KBKG Tax Insight: CARES Act Offers Overlooked Opportunities for Refunds – First Check Cross Border Prices

06/25/2020

As featured in Accounting Today Some multinational companies can generate additional carryback tax loss relief through transfer pricing planning. Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, US corporations can now elect to carryback losses incurred in 2020 for a five-year period (2015 to 2019).[1] The Act was implemented to provide badly-needed cashflow … Read More

KBKG Tax Insight: Operating Internationally? You May Pay More Than Your Fair Share of Taxes After COVID-19

05/26/2020

Even in a pandemic, multinationals may be surprised to receive a tax bill for their overseas operations, but there may be a silver lining. Ben Franklin is widely credited with the quote, “In this world, nothing can be said to be certain, except death and taxes.” With a pandemic, some companies with cross-border operations expect … Read More

Alex Martin