See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.
New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow.
Micro-captive insurance transactions are reportable transactions under Treasury’s new Proposed Regulations, which obsolete Notice 2016-66.
Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
(authored by RSM US LLP) Taxpayers intending to treat cash advances as debt for tax purpose should ensure the debt is properly documented, as illustrated by a recent ruling.
(authored by RSM US LLP) A summary of important state and local income tax updates enacted during the quarter ending Dec. 31, 2022, which may impact the computation of current and deferred tax provisions under ASC 740.