White House releases Fiscal Year 2024 Budget including tax revenue proposals
Administration releases Fiscal Year 2024 Budget and Greenbook explanation of tax proposals. Expectations are light for proposals to move forward in Congress.
Remote work pay strategies that account for geographic differences
How to develop effective remote worker pay policies and strategies that account for different costs of labor and costs of living across various locations.
IRS Significantly Expands Mandatory e-Filing Requirements for Business Income Tax and Informational Returns Starting in 2024
The Internal Revenue Service (IRS) issued significant final regulations requiring most businesses to begin electronically filing certain kinds of business income tax and informational returns starting in 2024 for any returns first due after January 1, 2024.
§179D Energy-Efficient Commercial Building Deduction Expanded to Benefit Non-Profit Organizations
For businesses contemplating a commercial project, the §179D deduction, a provision from the Inflation Reduction Act, is now available for any qualifying commercial energy-efficient building.
IRS releases draft instructions to claim amended R&D credits
IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or an administrative adjustment request (AAR) for BBA partnerships.
PTETs: Considerations & Planning Opportunities
In a previous article, we outlined the background, benefits, and challenges of PTE tax (PTET) regimes. In this article, we address core considerations and planning opportunities.
With No Year-end Tax Package, Businesses Face Unfavorable Changes
Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
A New Frontier in State Taxation: Pass-Through Entity Tax
Designed to eliminate the adverse impacts of the SALT cap, the Pass-Through Entity Tax (PTET) is an optional state income tax that taxpayers may elect to use. However, before deciding whether a PTET election is the right move, there are a variety of issues to consider.
Year-end Tax Planning Considerations
Tax planning considerations for businesses and individuals approaching the end of 2022.
Webinar Recording | Pass-Through Entity Tax: A New Frontier in State Taxation
Watch the recording from our December 7th webinar for insights on the Pass-Through Entity Tax (PTET), an optional state income tax that Pass-Through Entity taxpayers may elect to use.