President Biden’s proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas
President Biden’s proposals for prioritizing clean energy affect the industrials sector including manufacturing, automotive, and oil and gas
Details of President Biden’s proposals for prioritizing clean energy and its potential effect on the consumer products industry
The IRS examines eligibility of component parts to carbon capture equipment and when owner of partial equipment may claim sec. 45Q credit.
Seventh Circuit rules U.S. Venture’s butane gasoline blend do not qualify for the alternative fuel mixture credit.
Guidance extends continuity safe harbors for Investment Tax Credit and Production Tax Credit if construction began between 2016-2020.
Provides guidance into the extended approval of exemptions for distilled spirits permittees to facilitate hand sanitizer production.
The recent Leon Max v. Commissioner case has concerned practitioners and taxpayers claiming research credits under section 41.
The IRS has added the 2021 Hyundai Ioniq to list of vehicles eligible for section 30D credit affecting buyers and lessors of these vehicles.
Ninth Circuit reverses Tax Court, based on Congress’ provision of tax benefits based on form rather than substance.
As a sponsor of SelectUSA’s Investment Summit, RSM provides the guidance and insight foreign investors need to invest in the United States.
IRS postpones certain filing, payment and other deadlines for taxpayers affected by Tennessee storms, wind, tornadoes, and flooding.
IRS temporarily waives penalty for using dyed diesel fuel on highways in Southeast due to Colonial Pipeline shutdown through May 21, 2021.
Plan sponsors have until July 31, 2021, to pay the patient-centered outcomes research fee on health plans for plan years ending in 2020.
IRS adds multiple vehicles to its list of plug-in electric motor drive vehicles for purposes of the section 30D credit.
Twenty-Five Democratic Senators have introduced legislation to overhaul Federal energy provisions in the tax code.
Construction firms forced to reduce or cancel operations by jurisdictional order may meet employee retention credit eligibility requirements
Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.
The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.
Claimants not entitled to alternative fuel credit after IRS found activity did not qualify, despite issuance of IRS 637 registration.
Despite receipt of PPP loans, hospitality businesses may be eligible for retroactive 2020 and new 2021 credits.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Individuals may be eligible for a valuable incentive to reduce federal income tax liability for contributing to a 401(k) plan.
RSM submits Comment Letter seeking clarity on interaction of the employee retention tax credit and required disallowance for wage expense.
The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.
IRS postpones certain filing, payment and other time sensitive deadlines for taxpayers affected by Texas winter storms.
IRS temporarily waives penalty for using dyed diesel fuel on the highways in Texas due to severe winter storm retroactive to Feb. 12.
The Tax Court explains various R&D credit concepts, including process of experimentation, qualified services and pilot models.
Sweeping changes are coming. Don’t let required capitalization of research expenditures wreak havoc on your tax return.
IRS adds multiple vehicles to its list of plug-in electric motor drive vehicles for purposes of the section 30D credit.
Matt Talcoff, RSM partner and national industry tax leader, and GrowthTV discuss the tax issues family offices should consider in 2021.
Tennessee district court holds credit against fuel excise taxes, reduces excise tax liability and must be deducted from production costs.
The case explains the IRS’ view of the requirements to establish substantial rights for work performed under contract for the R&D credit.
Employers impacted by COVID-19 may be eligible for payroll tax credits and deferrals reportable on their quarterly payroll tax returns.
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
Final air transportation excise tax regulations provide rules for aircraft management services exemption and update prior regulations.
New Jersey Gov. Phil Murphy has approved a bill that authorizes over $14 billion in business tax credits and incentives.
The IRS issued the final regulations for the section 45Q carbon sequestration credit after reviewing public comments.
Disaster relief may provide liquidity for individuals and businesses located in areas affected by presidentially declared disasters.
Georgia has expanded the state jobs tax credit to apply to businesses hiring telecommuting employees in 2020 or 2021.
The continuity safe harbor of the beginning of construction requirement is extended to energy credits for offshore or federal land projects.
Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.
Industry backed legislation passed by Congress to make permanent excise tax rate reductions for craft beer, wine, and distilled spirits.
The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives.
Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders.
Exemption from excise tax on hand sanitizer extended and all FDA approved formulas permitted without requiring prior TTB approval.
The IRS has developed new guidance for processing interest bearing fuel claims, including one-time claims for alternative fuel credits.
The IRS has updated six questions in their Employee Retention Credit FAQ document on Tribal Governments and PPP loans in acquisitions.
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
The Eleventh Circuit determined that reserved rights for homesites did not violate section 170(h)(2) charitable contribution rules.
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
Excise taxes can have a serious financial impact on business, yet many aren’t focused on the potential impacts.
The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
General Motors will refund Ohio $28 million in tax benefits after closing an assembly factory before the end of an incentives agreement.
IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by Hurricane Sally.
The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.
IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by Oregon wildfires.
New IRS guidance updates and clarifies the previous ASC 730 Directive for R&D credit claims of LB&I Taxpayers using U.S. GAAP rules.
IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by Hurricane Laura.
IRS extended filing and paying deadlines and TTB updated disaster relief guidance for taxpayers affected by CA wildfires and IA derecho.
Legislation adopts several new credit and incentives programs as well as creates a new property tax incentive.
Taxpayers have until Sept. 15, 2020 to participate in the program that may reduce transfer pricing disputes and provide penalty waiver.
The future of state and local incentives in a post-pandemic economy will be highly influenced by remote workforces – states may act soon.
The IRS postponed the first quarter filing and payment deadline for federal sporting goods excise taxes until Oct. 31, 2020.
Eligible businesses that did not receive certain other COVID-19 relief may qualify for grants up to $250,000.
The department found the business did not engage in qualifying research or submit proper documentation to substantiate the claim.
The court ruled that DOL regulations unduly restrict paid leave, thus expanding the eligibility of FFCRA paid leave.
These treasury regulations affirm the statutes the IRS will use to assess, reconcile, and recapture the COVID-19 payroll tax credits.
Treasury proposes clean up to air trans excise tax regulations and rules to exempt payments by aircraft owners to management companies.
The Community Development Financial Institutions Fund announces over $3.5 Billion in New Markets Tax Credit allocation.
Applications to sell unused state net operating losses and state research and development credits available the week of May 1, 2020.
The Sixth Circuit held that the DOJ should have been permitted to provide evidence regarding a taxpayer’s historic R&D credit information.
TTB FAQs allowing for the destruction of beer off brewery premises and waiver of notice of intent to destroy were extended through Sept. 1.
Refundable credit receives taxpayer-friendly updates, including increased availability and extended application deadline and sunset dates.
The TTB now allows tobacco proprietors to file their special occupation tax online via the agency’s Permit Online program.
The IRS extended the second quarter filing and payment deadline for federal sporting goods excise taxes until Oct. 31, 2020.
The Office of Tax Appeals determined that the taxpayer did not show that it undertook a process of experimentation.
The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.
Long awaited proposed regulations clarify a number of open questions that remained with the carbon sequestration credit.
TTB adopted, with minor changes, temporary regulations on alcohol tax filing dates implementing 2015 PATH Act for eligible excise taxpayers.
The IRS released proposed regulations that clarify five-year rehabilitation credit period created by the Tax Cuts and Jobs Act.
IRS Notice 2020-41 grants an extension to place renewable energy property in service and expands a safe harbor for beginning construction.
The IRS has issued updated questions and answers regarding CARES Act employee retention credits for employers impacted by COVID-19.
TTB issues new guidance in Q&A format about tax-free withdrawals of distilled spirits and hand sanitizer under the CARES Act.
New TTB FAQ addresses requirements for a winery holding remote wine tastings with customers, including tax, labeling, and container sizes.
A recent IRS private letter ruling granted an extension of time for the required certification of a Qualified Opportunity Fund.
IRS released CARES Act FAQs on aviation excise tax holiday. FAQs provide clarification on issues related to jet fuel and ticket tax.
Employers should use the updated Form 941 to properly report new CARES Act and FFCRA credits beginning in the second quarter of 2020.
Taxpayer-friendly measures provide interest waivers, extension of limitations periods and assistance to impacted businesses.
TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.
Notice 2020-32 disallows deductions for expenses paid with loan proceeds from the PPP when loan forgiveness occurs.
Congress authorizes additional $310 billion for PPP; SBA issues additional eligibility guidance for hedge funds and private equity.
The COVID-19 pandemic may relieve recipients of tax incentives from the recapture provisions under the Nebraska Advantage Act.
TTB has extended its waivers for certain distilleries wishing to produce hand sanitizer through the 2020 calendar year.
France enacted an intellectual property tax regime. Find out what this means for U.S. multinational businesses with operations in France.
Maintaining static conformity to the IRC, Wisconsin adopts several taxpayer-friendly provisions of the federal CARES Act.
Remote programming employee directly impacted an Arkansas employer's ability to carry out its mission and purpose.
Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.
Notice 2020-23 incorporates Rev. Proc. 2018-58 filing postponements to extend certain excise tax filing deadlines.
Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.
California-based employers have limited window to submit requests for cash grants from COVID-19 related employee training program.
The bills address the state's IRC conformity as it relates to new federal section 163(j) limitation rules, among other provisions.
Technology investments in response to the COVID-19 outbreak may be eligible for the research and development tax credit.
Employer social security payroll tax payment deferral for taxes incurred from March 27th through Dec. 31, 2020.
The Department of Labor has issued updated questions and answers regarding paid leave for employees impacted by COVID-19.
COVID-19 has caused many businesses to be concerned about short-term liquidity. New federal programs aim to help payroll, operating costs.
Basic questions answered to help taxpayers interpret and claim the Employee Retention Tax Credit of the CARES Act.
Companies can now avoid traditional funding routes and raise millions of dollars online. But the approach is not without risk.
Act contains broad relief for individuals and businesses; includes funding vehicles, recovery payments, and modifications to TCJA provisions
Today, the House of Representatives passed the CARES Act on a voice vote and the President signed the bill enacting it into law.
Mandatory paid leave for employees impacted by COVID-19 is set to start April 1, 2020, per new Department of Labor guidance.
Widespread availability of credits and economic incentives during the COVID-19 pandemic may help businesses increase cash flow.
On March 19, the U.S. Senate released the third round of emergency assistance resulting from the 2020 COVID-19 pandemic.
IRS LB&I issued a memo to communicate the process to centralize compliance risk determinations for research credit cases.
If your company owns or leases energy-efficient commercial buildings, you may be eligible for a deduction for associated property costs.
New proposed regulations provide helpful examples of business entertainment and meals deductions still permissible after TCJA restrictions.
IRS LB&I announce campaigns to improve compliance with fuel mixture credits and research issues related to sections 41 and 174.
QOZ funds, operating businesses and private investors should understand the practical application of the final QOZ regulations.
IRS issued guidance describing the start of construction requirement and partnership structure for the carbon sequestration credit.
This article discusses state, county, and local-level credits and incentives a company should consider in evaluating investment into the US.
Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.
In the event of an economic slowdown, how should taxpayers consider adjusting their pursuit of credits and incentives?
The IRS describes the procedures required to make a one-time claim for all 2018 and 2019 biodiesel and alternative fuels tax credits.
The medical device excise tax, the health insurance tax and Cadillac tax have all been repealed by recent legislation.
The ruling allows taxpayers to amend a return to increase their ITC because of an increase in the basis of self-constructed property.
The final Qualified Opportunity Zone regulations include several taxpayer favorable improvements over the proposed regulations.
Taxpayers received a pre-holiday surprise when Congress ended stalemate to agree to extend many popular tax incentives.
The Final QOZ Regulations have been submitted to the Office of Management and Budget for final review and publication is expected soon.
Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.
Joint LB&I and SB/SE directive allows taxpayers to claim work opportunity tax credit in the year delayed state certifications received.
Supreme court will not hear case arguing that taxpayers can exclude the fuel tax credit from income and also deduct the tax as an expense.
Court found corporation did not have reasonable cause and good faith for its understatement of tax in upholding a negligence penalty.
A court found that conclusory statements without additional evidence were insufficient to support an R&D credit study.
Appeals court finds Taxpayer did not have reasonable cause for claiming fuel tax credits and is subject to 200% penalty.
TIGTA General Business Credit Review suggests changes to R&D Credit Exams after identifying billions of Carryforward Claim discrepancies.
The second round of Qualified Opportunity Zone regulations may spur taxpayer confidence and financial implications will drive investment.
The IRS released final regulations that address income inclusion when a lessor elects to treat the lessee as having acquired the ITC.
The IRS FAQ states that 1231 gains invested in a QOF before the second set of proposed regulations can still be eligible for gain deferral.
What government contractors should know regarding accounting methods after tax reform and the new revenue recognition standards.
U.S. government to appeal taxpayer favorable outcome of first ever research and development credit jury trial.
Specially designated districts designed to fuel economic growth where development has been stagnant offer investors tax-saving options.
The US Tax Court disallowed R&D credit claims because the taxpayer did not produce evidence to support requirements under section 41.
The new revenue guidance has cleared the way for businesses and investors to invest in opportunity zones and drive economic growth.
The new Qualified Opportunity Zone regulations answer many questions that favor taxpayers, though some questions remain.
The reduced corporate tax rate enables a pass through entity to increase net R&D credit benefit by making a section 280C(c)(3) election.
To make opportunity zone projects as financially viable, developers need to consider state and local tax credits beyond QOZ incentives.
New life sciences businesses can earn up to a maximum tax benefit of $1.5 million in tax credits over three years.
Government Contracting is a growing market with increasing development activities that provide opportunities to claim the R&D tax credit.
Documentation based solely on consulting firm testimony ruled insufficient to substantiate use of start-up base period calculation.
The Mexican government has introduced two tax stimulus credits for certain taxpayers operating in the northern states.
The new law will allow Wisconsin taxpayers a refund of up to 10 percent of their Research credit carryforward.
Technical corrections bill would reverse Treasury interpretation for section 199 and 199A deduction for fiscal year pass-through entities.
TIGTA audit of 2017 R&D credit claims identifies deficient IRS programs and procedures for the qualified small business payroll tax offset.
JCT summary of law differs from Treasury guidance regarding pass-through of DPAD from fiscal year entity to owner in 2018.
The ability of automakers and suppliers to include tooling expenses in their R&D credit can create a tremendous benefit.
A new LB&I directive provides guidance on how to risk assess DPAD claims and when to assess an erroneous claim for refund credit penalty.
RSM partner Troy Merkel discusses qualified opportunity zones and their tax benefits with RealCrowd’s CEO Adam Hooper.
Enhanced tax deduction may be available for drug inventory contributions made to certain charitable organizations.
Fiscal year pass-through owners may claim DPAD on 2018 return despite repeal for fiscal years beginning after 2017.
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
The proposed regulations address many concerns around qualified opportunity zones but questions remain to be addressed in further guidance.
The Tax Cuts and Jobs Act of 2017 established opportunity zones to encourage long-term investments in low-income communities nationwide.
The IRS released proposed regulations and a Revenue Ruling providing guidance on the newly created Qualified Opportunity Zones.
In two recent private rulings, a taxpayer who mistakenly failed to file Form 7004 and 1120 was allowed 120 days to make late elections.
The IRS issued interim guidance on the deductibility of certain business meal expenses that are related to entertainment activities.
IRS has issued Notice 2018-71 to address questions around claiming the new section 45S employer tax credit for family and medical leave.
H.R. 6756, the American Innovation Act of 2018, increases the amount of start-up and organizational expenses a business can deduct.
The IRS concedes a Tax Court case where an automotive supplier treated tooling costs as qualified research expenses for its R&D tax credit.
New Jersey fiscal year 2019 budget increases conformity of the state research and development tax credit to the current federal provisions.
Court holds that fuel tax credits which reduce an excise tax liability also reduce the attributable cost of goods sold deduction.
Alta Wind case illustrates requirement to use residual method of allocation is broad and may apply in cases where no goodwill is present.
The State of Pennsylvania has established a new R&D tax credit online application submission and processing portal.
Learn the valuation impacts resulting from the TCJA and its effect on business owners and investors assessment of ownership interests.
IRS has issued Notice 2018-59 providing guidance on beginning of construction for taxpayers claiming the energy investment tax credit.
The U.S. Tax Court recently ruled in favor of a taxpayer claiming bonus depreciation and solar energy credits on purchased equipment.
The IRS recently released two new documents that provide further clarification on the LB&I ASC 730 R&D credit safe harbor.
The TCJA established Opportunity Zones for taxpayers to invest proceeds from property sales in a fund to defer capital gains tax.
The Relieve High Unemployment Tax Incentives Act provides property tax abatements, employment tax credits and tenant credits.
Eligible businesses may subtract certain property, payroll and sales from apportionment factors to reduce state taxable income.
Companies should review the tax treatment of their M&E expenses to comply with the changes of expenses to 0%, 50% and 100% deductible.
To address questions around the new section 45S employer tax credit for family and medical leave, the IRS published an FAQ document.
A court recently found a taxpayer ineligible for fuel tax credits claimed because it did not meet the sales for use as a fuel requirement.
Nebraska aims to better understand its return on investment with improved performance auditing of tax incentives
California Franchise Tax Board issues first of three reports discussing implications of recent federal tax reform.
The IRS provides procedures on how to claim a one-time fuel tax credit for the retroactively enacted 2017 fuel tax credits.
Statistical sampling can identify M&E expenses through a limited expense review and extrapolation of findings to full population.
Statistical sampling can identify eligible M&E expenses through a limited expense review and extrapolation of findings to full population.
Qualifying New Jersey technology and biotech companies may sell unused NOLs and R&D credits to certain corporate taxpayers.
Tax incentives focused on job growth and investment, many of which have already expired, extended through budget legislation.
The recent legislation signed into law funds the government and provides extensions to various tax credits and deductions.
The IRS released a memo that discusses the nontaxable use requirements for obtaining a credit for fuel used in diesel particular filters.
H.R. 195 funds the government until Feb. 8, 2018 and extends the moratorium on the medical device excise tax an additional two years.
Taxpayers taking the new 20 percent deduction for pass-throughs and other non-corps may not reap any benefit for state tax obligations.
Tax reform bonus: Reduced R&D tax credit rate under section 280C(c)(3) actually increases while corporate tax rate decreases.
Major changes to the treatment of research and experimentation expenditures are coming in 2022 as a result of Tax Reform.
Changes to excise tax and regulatory requirements related to craft beverages provides significant savings, potential for industry growth.
Latest ruling reestablishes IRS position that TV programming packages may be treated as a single item for DPGR purposes.
The medical device tax is set to resume on Jan. 1, 2018, however a House bill was introduced to delay the tax another five years.
Illinois' Invest in Kids Act provides favorable corporate and individual income tax credits for qualified contributions to scholarship granting ...
Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.
Ohio Development Services Agency announces fiscal year 2018 workforce training program application period; $25,000 in maximum grants.
Qualified research expenses will not be challenged if they are certified by the taxpayer as following the rules outlined in the directive.
Wisconsin enacts legislation intended to promote growth in the state and close budget gaps with both tax reductions and increases.
Illinois extends sunset of the Economic Development for a Growing Economy and Angel Investment tax credits for an additional five years.
IRS Chief Counsel Legal Memorandum addresses timing issues for offsetting payroll taxes with R&D tax credits for qualified small businesses.
Investing in omnichannel to reach customers? Consider tax opportunities related to website development and business expansion.
Company meeting meal expenses may be employee de minimis fringe benefits and potentially be treated as 100 percent deductible.
The first round of funding for the California Competes Tax Credit for FY 2017-18 opens July 24, 2017, and will close on Aug. 18, 2017.
Arizona enacts three bills providing favorable modifications to several existing state credits and incentives programs.
Understand how to determine small business eligibility to reduce AMT through the research and development tax credit.
IRS issues interim guidance for election to offset payroll tax with R&D credit for qualified small businesses.
Regulations clear confusion on the application of the research & development tax credit to software developed for internal use.
When accounting for software development costs, various tax accounting methods interact uniquely with the R&D tax credit.
Resolving technical uncertainty is critical when determining whether or not a cost is a deductible research and development expenditure.
Many proposed tax law changes will not only affect federal and international tax positions, they will also impact on state and local taxes.
IRS issued Notice 2017-10, designating syndicated conservation easements as a listed transaction requiring disclosure.
Taxpayer favorable changes to the Virginia R&D Tax Credit were recently passed that provide additional benefit to Virginia taxpayers.
Illinois extends sunset of the Economic Development for a Growing Economy Tax Credit Act; agreements must be entered into by April 30, 2017.
A growing workforce requires human resources, payroll and tax to work together. Learn risks and opportunities that come with new employees.
IRS provides interim guidance defining chassis and body for purposes of the excise tax on the first retail sale of heavy trucks and trailers.
A loss on the sale of equipment used to produce qualifying production property should be allocated to non-DPGR for purposes of the DPAD.
The IRS released final regulations relating to the development of computer software and its eligibility for the research tax credit.
Favorable rules enabling taxpayers to claim the R&D tax credit on developing prototype equipment may be sabotaged when the taxpayer does not use ...
Massachusetts reforms economic development incentive program and creates angel investor credit and college savings tax incentive program.
New draft forms for computing and electing the qualified small business payroll tax credit portion of the R&D credit issued for 2017.
New Hampshire bills repeal the ‘phantom tax,’ conform to the Code, and increase the capital expenditures depreciation deduction.
Explanation of potential benefits to businesses performing qualified research activities resulting from the PATH Act of 2015.
Arizona Gov. Doug Ducey completes action on all legislation passed this session, including a number of tax bills.
Research credits from closed years carried forward to open years can be adjusted by both C corporations and flowthrough entities.
Tennessee creates Hall income tax angel investor credit effective for tax years beginning on or after Jan. 1, 2017.
Proposed regulations address admin changes and court decisions for excise taxes imposed on highway trucks, tractors, trailers and tires.
Iowa enacts sales and use tax exemption for manufacturing supplies and provides definitions applicable to manufacturing exemptions.
Louisiana enacts legislation impacting the state’s sales and use, corporate net income, and franchise taxes.
Contract terms should be evaluated to determine which party bears the economic risk as well as the retention of substantial rights.
Collector of excise tax isn't entitled to credit or refund unless it can prove it repaid the tax to its customer or received their consent.
Mistaken ideas about the Work Opportunity Tax Credit keep many employers from realizing tax savings. Read about 5 myths here.
Notice 2016-05 provides rules for making claims for retroactively extended 2015 biodiesel mixture and alternative fuels excise tax credits.
Connecticut Gov. Daniel Malloy signs the state’s biennial budget and an implementer bill that revised numerous tax changes.
North Carolina enacts important corporate income and franchise tax, individual income tax and sales tax changes.
Wisconsin enacts legislation intended to promote growth and close budget gap with various tax increases and decreases.
Kansas enacts legislation intended to close budget gap with various tax increases and the establishment of a tax amnesty program.
Companies that negotiate their own credits and incentives often miss opportunities and create compliance issues.
This article will look at which clubs qualify for the FICA tip credit, how the credit is calculated, and conclude with some uses for the credit.
Importers of electronics must understand their responsibilities surrounding the excise tax on ozone-depleting chemicals.
A detailed analysis is required to identify the often-overlooked research credit opportunities in the engineering and construction industries.
Final regulations simplify the IRC section 280C(c)(3) elections to claim a reduced research credit, executive summary.
Successful brands use omnichannel strategies to connect with customers. Each channel brings tax issues and opportunities.
To receive the maximum tax benefit from investment in qualified opportunity zones, real estate investors must understand the options.
Learn about the wide range of federal, state and local tax credits and incentives for job creation and training activities.
The meals and entertainment (M&E) expense deduction is a broadly applicable business tax savings opportunity. Learn more.
Understand and secure real estate investment incentives, such as tax credits for rehabilitation, low-income housing and underserved markets.
Learn more about available renewable energy credits and incentives. RSM can help you in qualify for and realize the credits you are due.
RSM tax consultants work with clients to develop a holistic State and Local Tax planning and compliance program.
How can your company benefit from federal, state and local tax credits and incentives for your people, investments and operations?