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A discussion of the Internal Revenue Service’s proposed regulations on federal income tax treatment for cloud-based transactions.

Cryptocurrency is moving into the mainstream and should compel individuals to familiarize themselves with cryptocurrency’s tax treatment in order to avoid mistakes.

A discussion of the IRS’s move that should calm concerns over the potential tax consequences of the impending transition to the use of reference interest rates other than interbank rates (“IBORs”) in debt instruments and non-debt contracts.

A discussion of NJ SB3246, the “Pass-Through Business Alternative Income Tax Act, enacting some type of entity-level tax on pass-through entities (“PTEs”) in an effort to work around the $10,000 federal cap on individuals’ itemized deductions for state income taxes.

A discussion of the tax impact of lease accounting rule ASC 842, including Finance vs. Operating Leases, accounting and tracking impacts, and state-level impacts

The IRS Large Business and International Division identified six additional audit compliance campaigns on July 19, 2019. These audit compliance campaigns focus on international issues, S corporations and deferred compensation.

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.