Insights & Resources

Treasury and IRS have issued proposed regulations to implement the new Section 45X advanced manufacturing production tax credit.

The Employee Retention Credit is drawing IRS scrutiny and rejected claims partly in response to numerous misleading marketing campaigns from ERC promoters.

Individual taxpayers may want to consider 2024 inflation adjustments for gift exclusions & review their gift and estate plans in light of the changing tax landscape.

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.