Ideas & Insights

This guidance provides updates on the tax treatment of remodel or refresh expenditures and a safe harbor method of accounting for qualified taxpayers.

RSM overviews recent guidance on the tangible property regulations and the effects on tax reporting to help ensure compliance is maintained.

Missouri amends alternative apportionment formula to clarify sourcing rules applicable to sales other than tangible personal property.

California Franchise Tax Board issues guidance regarding the state’s treatment of the federal tangible property regulations.

The IRS recently released two revenue procedures modifying and updating the general procedures to obtain consent for a change in method of accounting.

Taxpayers facing an imminent decision on which accounting method to adopt for rotable parts may find that decision is not as easy as it seems.

McGladrey provides answers to some of the commonly asked questions surrounding the final (and proposed) tangible property regulations.

The final tangible property regulations include several provisions that impact how banks account for costs related to tangible property.

Taxpayers should not delay planning to comply with the Repair Regulations. Nearly all taxpayers engaged in business activities who own tangible ...

Changes may be needed in software systems for capturing, accounting for, and maintaining the required information for tax purposes.