by TaxOps | Sep 12, 2023 | Main Tax Min, Tax Minimization, Tax News
Guidance released under Notice 2023-63 focuses on the amortization of specified research or experimental expenditures under §174, and announces more regulations on the horizon. What does it mean for taxpayers? Read on for effective dates, rules, and what’s to...
by TaxOps | Jul 18, 2023 | Tax Minimization, Tax News
The IRS released proposed regulations and temporary regulations addressing the elective-pay and transferability of clean energy credits of § 48D related to new options enabled by the Inflation Reduction Act of 2022. By Jamie Overberg On June 14, 2023, the U.S....
by TaxOps | Jul 18, 2023 | Tax Minimization, Tax News
§174 costs that arise before an ownership change may now be subject to §382 rules, potentially resulting in a tax basis in unamortized §174 costs. By Mark Dunning The Tax Cuts and Jobs Act (TCJA) of 2017 affected §174 costs beginning January 1, 2022 (see Major Changes...
by TaxOps | Jul 6, 2023 | ASC 740, Federal Tax, Tax News
While Congress did not see fit to make major reforms in 2023, the tax provisions highlighted here may significantly impact your business. By Lindsay Haskell and Dan DeLau Although Congress has not enacted a comprehensive tax bill similar to the Tax Cut and Jobs (TCJA)...
by TaxOps | Jul 5, 2023 | Events, State and Local, Tax News
Stacey Roberts at TaxOps and Joseph Geiger at Vertex guide tax professionals with an in-depth analysis of the sales and use tax issues in acquiring certain businesses. The panel will discuss the unexpected sales and use tax consequences, nexus implications, issues...
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