by TaxOps | Mar 10, 2025 | Main Tax Min, Tax Minimization, Tax News
While the updated Form 6765 aims to enhance transparency and accountability, it also presents substantial challenges, particularly for small companies. In a letter to the IRS, Mark Dunning recommends how to address these concerns and create a more balanced and... 
by TaxOps | Feb 12, 2025 | ASC 740, Federal Tax, Main Tax Min, State and Local, Tax Minimization, Tax News
The 2017 tax reform package known as TCJA introduced significant changes to the U.S. tax code, many of which are set to expire at the end of 2025. These expiring provisions include the tax treatment of bonus depreciation and foreign income taxes. Businesses can... 
by TaxOps | Oct 8, 2024 | ASC 740, Federal Tax, Tax News
IRS has ramped up enforcement efforts, leveraging advanced data analytics to detect non-compliance faster and raising risks for corporate taxpayers who fail to stay on top of filing deadlines and more. By Lindsay Haskell and Daniel DeLau Recently, there has been a... 
by TaxOps | Jul 1, 2024 | ASC 740, Federal Tax, Tax News
Adequate transfer pricing documentation is critical for compliance with tax regulations and financial reporting standards. Learn the key components of and best practices for maintaining adequate transfer pricing documentation. By Lindsay Haskell and Daniel DeLau... 
by TaxOps | Jun 3, 2024 | ASC 740, Federal Tax, Tax News
When it comes to transfer pricing, scrutiny extends to all taxpayers, both those operating in the black and those in the red. By Lindsay Haskell and Dan DeLau Transfer pricing regulations are stringent with regards to income tax reporting, as Treasury Department...
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