Insights & Resources

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.

Many third-party promoters of the Employee Retention Credit (ERC) ignore a crucial qualifier within the partial shut-down safe harbor: The “more than nominal” test.

According to the ruling, the fair value of staking rewards should be recognized as taxable income as of the date and time the taxpayer gains dominion and control.

Cutting edge industries that rely on research and development are among those hardest hit by an unintended consequence of this provision of the 2017 TCJA.

Proposed Treasury regulations offer guidance on transferring IRA green credits with significant limitations on how credits will be treated for certain taxpayers.