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This article offers a look at the impact of IRC Sec.174 changes stemming from the TCJA and their impact on the software industry.

The IRS recently issued proposed regulations dealing with the transfer of renewable energy tax credits between the developer of the credit and a qualified purchaser. This law change creates a major opportunity for various profitable enterprises to participate in renewable energy.  

Now that Sam Bankman-Fried has been convicted on all counts for fraud, conspiracy to commit wire fraud and conspiracy to commit money laundering -- does this change the landscape for claiming “investment theft loss?”

Unlock state-level tax incentives for your real estate organization's growth—explore tax credits, low-cost loans, and grants tailored to your expansion or investment. 

The IRS has launched a second Employee Retention Credit Voluntary Disclosure Program. Learn how misled taxpayers can find relief from filing dubious ERC claims.  

Understanding the key factors that could impact the tax treatment from a sale of a partnership my help prevent you from having to undergo a state audit challenging the sourcing of a gain.

Moving from one state to another is a significant life event that requires careful planning and attention to tax details. The residency determination, both domicile and statutory, are essential for taxation purposes and gaining access to certain benefits and services. 

Certain U.S. taxpayers who own foreign financial accounts are required to file FBAR reports. The IRC, in turn, imposes civil penalties on taxpayers who fail to timely file FBARs. The amount of the penalty is determined by whether the failure is considered ‘willful’ – but what does that mean? 

The United States is considering a new set of requirements that would restrict American firms from investing in China. Here’s why.

Loss companies participating in the New Jersey Technology Business Tax Certificate Program may benefit by selling their NOLs and R&D credits that may not be realizable in the near future -- however, take note of two recent legislative changes that may affect how much benefit a company can receive from the program.

Citing “improper claims” and that taxpayers may need to be protected from “being pressured and scammed by aggressive promoters and marketing,” the IRS issued a news release stating that it is imposing an immediate moratorium on processing new ERC claims until sometime after December 31, 2023.    

This article gives a brief overview of an upcoming Supreme Court case that may have far-reaching impacts on the mandatory repatriation tax and other broader issues.

On July 12, the Senate Finance Committee released a discussion draft of legislation that would use the Internal Revenue Code to grant treaty-like treatment to Taiwan residents.

What you need to know about NJ’s recent tax changes including interest addbacks/deduction limitation, R&D, deferred tax deduction, economic nexus and much more.

In July 2023, Ohio Governor DeWine signed legislation impacting numerous taxes, including personal income, pass-through entity, commercial activity, sports gaming, sales and use, and municipal income taxes.  

Get an overview of Assembly Bill 4694, the new laws, and guidance for New Jersey employers and employees.

It takes careful planning to restructure a business operated by an S corporation into a form that might qualify under IRC Section 1202.  

A lesser-known rule in the startup community is that California requires businesses that have established a presence in another state or foreign jurisdiction to “apportion” their income or losses, using a formula called the “single sales factor.”

The IRS recently issued further guidance as to substantiation for ERC claims; the Service will be scrutinizing claims of partial shutdowns carefully. Employers cannot rely on assumptions, hearsay, or assurances from others that their supplier shutdown was due to a government order.  

To help explain Form 1099-MISC and related issues, we have compiled the following FAQ. This helpful guide covers the nuts and bolts for both issuers and recipients of Form 1099-MISC.