by TaxOps | Jan 24, 2023 | Tax Minimization, Tax News
The IRS provided guidance on the automatic change issue for §174 but is silent on what should or should not be included in the §174 capitalization. We are watching this issue closely and want to share with you where it stands right now. Download PDF − By Mark Dunning,...
by TaxOps | Dec 22, 2022 | State and Local, Tax News
The Montana Department of Revenue (MDOR) has changed their water’s edge election process, making the election to cover calendar years 2023, 2024, and 2025 due by March 30, 2023. By Stacey Roberts The Montana Department of Revenue (MDOR) has changed their water’s edge...
by TaxOps | Nov 29, 2022 | Tax Minimization, Tax News
R&D credit claims are sophisticated business that should not be passed off to subpar market players. When a business or a business client is looking for an R&D partner, consider the following myths and follow the truth to a solid arrangement. By Jamie Overberg...
by TaxOps | Nov 29, 2022 | Tax Minimization, Tax News
Both houses of the U.S. Congress continue to dance around the idea of reversing provisions in the Tax Cuts and Jobs Act (TCJA) Section 13206 amended section 174 that require companies to immediately amortize research and experimental (R&E) expenditures. Both...
by TaxOps | Nov 29, 2022 | Tax Minimization, Tax News
In 2022, Congress passed legislation creating incentives for the onshore production of semiconductor chips and credits to speed the transition to renewable energies. Congress passed legislation creating incentives for the onshore production of semiconductor chips,...
Recent Comments