Business Tax Quarterly

This article takes a look at R&E capitalization expenses, and what new rules may mean for businesses.

Is your company preparing for (or have you recently had) an IPO? In this video, you’ll learn about the impact that an ownership change under IRC Sec. 382 can have on the utilization of net operating loss (NOL) carryovers and other factors that can in…

The IRS recently released Private Letter Ruling (PLR) 202204007 in response to a request by a business. This PLR provides insight and clarity into IRC Sec. 1202 and whether a certain business was engaged in the field of “brokerage services.”

This article examines how Congress has finally come around to writing cryptocurrency tax law into the Internal Revenue Code by revising the outdated language of the term “broker” and also providing a definition for digital assets.

In an effort to combat identity theft and fraud security issues, the IRS is urging corporations, partnerships, trusts and estates and other entities with EINs to update their information if there has been a change in the responsible party or contact …

The Consolidated Appropriations Act, 2021 allowed businesses that received PPP funds to still qualify for the ERC. This article outlines the benefits available to eligible employers as well as the interplay between the ERC and the PPP.

The quick appreciation in crypto prices has resurrected the public’s interest in the related tax issues. This article features insight into some of the most common digital asset transactions and how they are usually treated under current U.S. tax law…

Taxpayers have the option of retroactively applying the GILTI high tax exclusion to the taxable years beginning after December 31, 2017 and before July 23, 2020. This articles examines the ‘whys and hows’ of the process.

This articles features discussion of the likely tax landscape, post-election and over the next few years.