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With M&A activity on the rise, corporations may be looking for the most tax-advantageous exit strategy. The right professional team will provide insights for structuring a corporate sale in the most tax-efficient way.

There are 3 surprises of the R&D Tax Credit. Technology companies as well aas emerging and established businesses across diverse industries may also take advantage of this benefit.

Three compliance campaigns were announced by the IRS Large Business and International Division to improve return selection, identify issues representing a risk of non-compliance, and make the greatest use of limited resources.

Business Tax Quarterly discusses two business matters including the IRS-proposed guidance on digital content and cloud transactions, and recent updates to ASC 842 lease accounting standards.

The IRS issued final regulations under IRC Sec. 170 on state and local charitable contribution tax credit programs. Regulations assist with charitable contributions.

Employers don’t have a single rule to follow when it comes to worker classification. The U.S. Department of Labor maintains one test, while federal courts have devised their own and employers must consider state and local laws carefully.

Research and development tax credit and cryptocurrency are discussed in this summer issue. Businesses with the wrong information risk tax exposure or potentially leaving dollars on the table.

In this issue, we examine the IRS-proposed guidance on digital content and cloud transactions, and recent updates to lease accounting standards.

The much-anticipated IRC Sec. 199A final regulations have been released. Along with the final regulations, IRS Notice 2019-07 was released to answer some of the lingering questions on whether rental real estate is a trade of business.

Because many new tax reform provisions are complex and burdensome, companies should address them now by conducting tailored analyses where they may be material, including having a professional study performed on areas such as a GILTI or FDII.

Across most industries and entity structures, companies hire independent contractors. While the advantages may seem obvious businesses may face tax and legal exposure if worker classification fails to hold up under a federal or state challenge.

Prior to its amendment by the Tax Cuts and Jobs Act, Section 163(j) limited the amount of interest deductions. The TCJA replaced Section 163(j) with a general cap on net business interest expense equal to 30% of net business income.

Neglecting to report cryptocurrency losses may be the least of the industry’s problems. The most prudent thing that crypto investors of all sizes can do for themselves – and for the cryptocurrency market – is to simply report.

As part of the Tax Cuts and Jobs Act, Congress enacted IRC Section 965 requiring U.S. shareholders of specified foreign corporations to include in their gross income the accumulated post-1986 deferred foreign income of such corporations.

The IRS is stepping up reinforcement on cryptocurrency transactions. Facebook Cryptocurrency and the libra announcement is discussed.

The last quarter of the year brings heightened focus for public companies. Learn how to stay ahead of end-of-year tax provision reporting—and the new meals and entertainment deduction rules—in this roundup of key takeaways from the new tax law.

With the occurrence of a natural disaster, Private foundations may wish to grant to funds for relief of affected individuals. These grants are allowed as long as certain requirements are met.

To assist in Hurricane Harvey and Hurricane Irma relief, the IRS extended tax return filing deadlines. The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. Are you in a disaster covered area?

As states attempt to expand the definition of nexus for income and sales tax purposes, state law provisions have been enacted as well as ongoing attempts by Congress to codify the nexus standard at the federal level. Here is a summary.

Businesses engaged in multistate operations must have a clear understanding of nexus rules regarding the imposition of taxes by state governments and related collection obligations. Here are 5 basic nexus concepts that every business should keep in mind.