Ideas & Insights

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.

UK government provides relief from DAC6, reducing the scope of reporting for UK intermediaries with cross-border transactions.

IRS modifies guidance on wages that are includible when computing section 199A deduction for taxpayers with short tax years.

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.

Final regulations provide guidance related to deducting fines and penalties and related information reporting requirements.

Final regulations on the section 199A deduction and the DPAD for certain specified co-ops closely mirror guidance in proposed regulations.

The DOL has issued final regulations on the FSLA’s rules for independent contractors including gig workers, but it may be repealed.

Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.

The CAQ has updated its framework for compiling inflation data to assist financial statement preparers in applying ASC 830.

We have updated our hedging guide to refer to certain temporary optional expedients and exceptions included in ASC 848.

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 FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.

Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.

Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.

Final carried interest regulations ease rules for capital interest allocations as well as related party transfers.

A roundup of considerations for companies while preparing income tax provisions for the year-ended Dec. 31, 2020.

New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.

Treasury Department and SBA announce reopening dates for Paycheck Protection Program - Jan. 11, 2021 and Jan. 13, 2021.

The IRS issued the final regulations for the section 45Q carbon sequestration credit after reviewing public comments.