Insights & Resources

As 2023 draws to a close, individuals can take many steps now to manage their current tax liabilities.

The first update since 1987 reflects technological advances in the energy industry and defines certain energy property added as part of the Inflation Reduction Act.

Treasury Dept’s final rule has circumstances when reporting companies can use an entity’s FinCEN identifier to fulfill their BOI reporting obligations under the CTA.

The biofuels industry suffered a blow in the Chemoil case which pitted the alcohol fuel mixture credit against the economic substance doctrine.

The Internal Revenue Service released interim guidance to clarify the application of IRC Section 174 after the amendments made by the Tax Cuts and Jobs Act (TCJA).

The IRS issued Notice 2023-65 on September 27, 2023, providing additional guidance on the §45L New Energy Efficient Home Credit. Learn more on this notice & credit.

The IRS has announced a moratorium on the processing of new ERC claims. Improper claims and concerns from tax professionals are among the reasons for the IRS action.

This article discusses proposed changes to the effective tax rate reconciliation presentation and the tax payment information reported in the statements of cash flows.

IRS signs competent authority arrangements ensuring that taxpayers will maintain favorable treatment in income tax treaties with Denmark, Luxembourg, Malta & Mexico.

Employee Retention Credit (ERC) scams attempt to lure businesses into applying for the ERC when they do not qualify, even under its expanded eligibility.

Avoiding ERC Scams begins with understanding the partial shut-down safe harbor and other complexities within ERC qualifications.