United States
Claimants not entitled to alternative fuel credit after IRS found activity did not qualify, despite issuance of IRS 637 registration.
Biden-Harris administration announces changes to PPP including a 14-day exclusive access period for businesses with fewer than 20 employees.
LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.
UK government provides relief from DAC6, reducing the scope of reporting for UK intermediaries with cross-border transactions.
Guidance permits tax relief for fuel removed from terminals in Milwaukee or Madison and entered into Green Bay terminals through 2021.
The political and social landscape in the oil and gas industry is changing, and companies without an ESG strategy will fall behind.
Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
General Motors will refund Ohio $28 million in tax benefits after closing an assembly factory before the end of an incentives agreement.
The IRS updated taxpayers on its operations status and recognized the delays in processing check payments due on July 15, 2020.
The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.
Manufacturers changing over operations in order to create personal protective equipment may be exposed to new state tax liabilities.
TTB issued FAQs providing guidance for refund claims on taxpaid beer for brewers when unmerchantable beer is destroyed during COVID-19.
The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.
Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.
Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.
Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.
The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.
As businesses renegotiate debts in the aftermath of COVID-19, it is critical to understand whether the debt is considered publicly traded.
State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.
Accelerating worthless stock deductions on an insolvent subsidiary without disposing of the business to increase NOL carrybacks.
Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.
Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.
Bringing stability to your supply chain and maximizing liquidity is critical to maximize your organization’s financial results.
State and local tax strategies may alleviate some of the economic consequences of COVID-19 on the manufacturing industry.
From tariffs to coronavirus to shifting consumer tastes, auto suppliers confront an era of uncertainty as they look ahead to 2020 and 2021.
Department issued compliance alert explains the sales and use tax collection responsibilities for marketplace facilitators and sellers.
The Wayfair decision goes beyond just retail and can impact manufacturers that sell exempt to resellers or distributors.
Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing
Three states have prescriptions for opioid taxes on manufacturers and distributors. Here’s what you need to know.
The rising use of innovative technology and the uncertainty created by trade policies are among the trends worth watching this year.
Many manufacturers are noting the costs of tariffs for the first time. Beyond exemptions, there are other options to keep costs down.
In a volatile trade environment, one manufacturer is encouraging his peers to learn more about their options and prepare for uncertainty.
Skepticism regarding artificial intelligence is understandable, but it’s often based on a misunderstanding of what AI really is.
Research implies that U.S. consumers and firms are paying a $3 billion-per-month increase in costs due to current trade policies.
This article dispels myths about the new UNICAP rules and discusses the impact of the new rules on manufacturers.
What’s the impact to the middle market from a multifront series of trade conflicts? We explore the risks and possible outcomes.
Tax planning in an evolving marketplace can be challenging. What are the top tax issues and new rules that manufacturers should focus on?
The ability of automakers and suppliers to include tooling expenses in their R&D credit can create a tremendous benefit.
Economic sales tax nexus is complicated following Wayfair. Brush up on the change and take a 5-question quiz to identify next steps.
RSM’s report examines how companies are investing in their businesses. In a deeper dive, we explore what manufacturers are considering.
The elimination of the sales and use tax physical presence could have a profound impact on the tax compliance obligations of auto suppliers.
A manufacturing company looking to expand its operations globally was challenged by complex international tax structuring needs-enter RSM.
Many proposed tax law changes will not only affect federal and international tax positions, they will also impact on state and local taxes.
Mexico issues provisions protecting US companies with shelter maquiladora contracts from permanent establishment taxation.
The physical presence nexus standard for sales and use tax purposes is alive and well despite recent criticism and calls for reform.
Learn how RSM helped a manufacturing company realize better, timelier results through a tax outsourcing arrangement.
Iowa enacts sales and use tax exemption for manufacturing supplies and provides definitions applicable to manufacturing exemptions.
The Illinois Manufacturer’s Purchase Credit and Graphic Arts Machinery and Equipment Exemption were not extended and will end Aug. 30, 2014.
Companies should understand how states collect millions in unpaid sales tax from internet sales and other remote purchases.