Senate approves inflation reduction act with changes to tax provisions
Twelve days after Sens. Joe Manchin (D-WV) and Charles Schumer (D-NY) announced that they had reached an agreement on healthcare, climate, and tax...
Insights: tax
Key Impacts of the Final Foreign Tax Credit Regulations
The U.S. Department of the Treasury and the Internal Revenue Service released final regulations on the foreign tax credit (FTC) on December 28, 2021....
4 Tips for Working With a Resource-Constrained IRS
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on...
NFT Investments Taxes Overview
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata. They are usually bought and sold...
OECD Released the Latest Version of Its Transfer Pricing Guidelines
In a world economy where multinational enterprises (MNEs) play a prominent role, the governments ensure that taxable profits of MNEs are not...
Will Mandatory Capitalization of R&E Expenses Impact your Business?
The businesses that invest in research and development should familiarize themselves with the major tax changes for R&E expenses. Effective for the...
Tax Considerations for Private Equity Funds and Investors
The federal income tax rules that apply to private equity funds and investors have been the subject of much debate, mainly due to the perception by...
What Is FIRPTA Withholding?
In the United States, real estate transactions involve a certain level of taxes. In most cases, American citizens who sell their property will have...
Treasury Issues Final Foreign Tax Credit Regulations
The Department of the Treasury and the Internal Revenue Service on December 28, 2021 released final regulations on the foreign tax credit (FTC) for...