Insights & Resources

California’s governor has proposed temporarily suspending NOL deductions & limiting tax credits to $5 million for the next three years to address budget shortfalls.

Accounting for CCS projects is a nuanced challenge, especially concerning lease considerations under ASC 842. This article aims to illuminate these complexities.

Taxpayers who paid the Tennessee franchise tax under the “alternative minimum property measure” should determine whether they qualify for the refund.

Gain clarity about recent changes in the Texas franchise tax “no tax due” revenue threshold and more details about PIR/OIR extensions.

The credit is aimed at bolstering and incentivizing the emerging biotechnology sector to create jobs and invest in NYC and is available 1/1/23-1/1/26.

Weaver's Specialty Tax Services team covers the top issues across our Specialty Tax Services, including State and Local Tax (SALT), Fixed Assets, Tax Provisions and Transaction Tax Advisory.

The IRS guidance is for hydrogen producers whose hydrogen production pathways are not included in the 45VH2-GREET model.

Improper claims for federal fuel tax credits have been on the rise prompting the IRS to warn taxpayers in its annual Dirty Dozen list of tax scams.

As the reinstated Federal Chemical Superfund Tax nears its second year, taxpayers need to have all statutorily required documentation necessary to substantiate a claim.

California removed the income cap subject to the State Disability Insurance contribution as of 1/1/2024 and increased the SDI contribution rate to 1.1 percent.

Find out about energy-related tax credits for transportation and logistics companies that may take little or no changes to current operations.

Counties can impose surcharge when pipeline companies claim IRC Section 45Q carbon capture & sequestration tax credit on pipelines passing through their jurisdiction.