IRS Issued Final Regulations on the GILTI High-Tax Exclusion
Are you a U.S. shareholder of a controlled foreign corporation (CFC)? The final regulation on Global Intangible Low-Taxed Income (GILTI) high-tax exclusion
Final 163(j) Regulations a Win for Manufacturers and Private Equity-Owned Businesses
In late July, the Internal Revenue Service (IRS) issued final regulations on Internal Revenue Code (IRC) Section 163(j) that limits the deductibility of
Choosing The Wrong Accounting Method for Home Construction Contracts is a Costly Mistake
Often you learn the most from your mistakes. If a contractor chooses the wrong accounting method, during the first two years of operations, the contractor
The IRS recently released Notice 2020-71, detailing the new special per diem rates taxpayers use to substantiate necessary business expenses while traveling
Pennsylvania Commonwealth Court Decides Market-Based Sourcing for Services Prior to Legislative Change in 2014
In late July, the Pennsylvania Commonwealth Court rendered its decision in Synthes USA HQ, Inc. v. Commonwealth of Pennsylvania, No. 108 F.R. 2016. The
Schneider Downs’ Construction Practice Ranked Once Again
Last year, Construction Executive (CE) unveiled its inaugural ranking of the Top 50 construction accounting firms. In August, CE released its second annual
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