Bonus Depreciation on Facility Upgrades

Did you know that Congress recently expanded its definition of qualified property to which bonus depreciation can be applied? Starting in 2016, an improvement ... read more >

Taxation and Information Reporting for Foreign Trusts

The U.S. taxation and information reporting imposed on foreign trusts can be quite complex. A trust is the foreign trust if it is not the U.S. trust. A ... read more >

Revenue Recognition, Second in a Series: Back to the Future

As a part of Accounting Standards Update 2014-09 (ASU 2014-09): Revenue from Contracts with Customers, Financial Accounting Standards Board (FASB) entities ... read more >

IRS Highlights Offshore Compliance Programs Achievements and Encourages Taxpayers to Enter the Programs

The IRS’s recent news release shows that the agency has passed several big milestones in moving forward with increasing compliance. Back in 2009, ... read more >

Significant Changes to the Use of Bonus Depreciation on Nonresidential Real Property Beginning in 2016

Bonus depreciation, which was scheduled to expire after 2014, was extended through 2019 by the PATH Act. Under the PATH Act, 50 % bonus depreciation applies ... read more >

PCAOB Standard Setting Agenda: What Audit Committee Members Should Be Aware Of

Quarterly, the PCAOB releases its Standard Setting Agenda, which is used to share topics that are on the forefront of change or consideration. The most ... read more >