Senators Propose Increase to Research & Development Tax Credit for U.S. Manufacturers

On June 6, 2017, Senators Chris Coons (D-DE) and Pat Roberts (R-KS) introduced the Invent and Manufacture in America Act (Act) in the Senate. The Act looks ... read more >

OECD's Country-By-Country Reporting Exchange Activated

This spring, the Organization for Economic Cooperation and Development (OECD) took another step toward implementation of global Country-by-Country (CbC) ... read more >

IRS Reissues Partnership Audit Regulations in Proposed Form

The November 2015 Bipartisan Budget Act provides for new partnership audit rules that allow the Internal Revenue Service to assess and collect tax at the ... read more >

Tax Reform and the Repatriation of Foreign Earnings

It seems that tax reform is unceasing; every election cycle brings calls for “fairness” by supporters of all political parties with the definition ... read more >

Be Sure Your QRPBI Properties Are Used IN Your Trade or Business

Last summer, the Internal Revenue Service (“IRS”) took a look at the gross income exclusion for forgiveness of qualified real property business ... read more >

Remember - Demos are Fringe Benefits

As we come out of tax season, we always encounter a few things that are worth following up with our automotive clients. Demonstrators (“demos”) ... read more >

President Trump Signs Executive Order to Prevent IRS from Enforcing Sanctions on Churches for Engaging in Political Activities

In 1954, then-Senator Lyndon Johnson introduced a bill known today as the Johnson Amendment that was signed into law under 501(c)(3) of the Internal Revenue ... read more >

IRS Compliance Campaign Use of "Soft Letters"

Tax

By Elena Faurie

The IRS Large Business and International (LB&I) division is transitioning its audit process from industry, taxpayer-focused examinations to targeted ... read more >

Compliance with Use Tax Reporting Laws Begins July 1, 2017

Since the U.S. Supreme Court declined to hear the appeal about a Colorado use tax reporting law last December, the states of Louisiana and Vermont, in ... read more >