Ideas & Insights

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.