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The current tax regime may have owners of middle-market companies thinking of selling their business. 2020 promises a testy election season; a change in the political balance could mean significant tax changes. This article features a review of the main tax impacts based on entity and transaction type.

A brief synopsis of recent audit campaigns initiated by the IRS Large Business and International Division.

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

This article discusses key aspects of the final regulations, including the clarification of the definition of interest for purposes of the limitation; the impact on the calculation of adjusted taxable income from sales of depreciable assets; and the impact on the calculation of ATI from depreciation and amortization expense that was capitalized to inventory.

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.

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

The IRS’ Bipartisan Budget Act Audit Roadmap is the latest in a series of actions signaling its intention to audit more partnerships. It generally applies to all partnerships required to file a Form 1065, U.S. Return of Partnership Income.

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.

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

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.

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.

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.

IRS regulations regarding withholding on US-source 'dividend equivalents' and the formalization of a 'delta' based approach for certain dividend equivalent payments made on or after 1/1/17. Info on the background and final regulations on dividend equivalent payment withholding.

Closely held businesses need to be aware of the valuation requirements related to stock and appreciation right grants under section 409A to avoid the extremely harsh tax consequences imposed on the employee for failure to comply with these rules.

The IRS extended the implementation deadline for certain limited aspects of FATCA. In order to comply with FATCA’s information reporting objectives and avoid 30% withholding, investment funds and other foreign financial institutions must do the following.

Internal Revenue Code Section 831(b) and Small Captive Insurance Companies a must do or an IRS target? Establishing a small captive insurance company may be appropriate but it requires careful analysis before implementation. What is captive insurance and what are the potential benefits and risks?