Many were hopeful for U.S. tax legislation ensuring businesses could continue to fully deduct their research and experimental (“R&E”) expenditures in the 2022 taxable year. Senator Margaret Hassan ...
A change in the tax code that went unnoticed by many business owners is "potentially one of the scariest things that could happen to technology startups in recent years.” Surprise tax bills are ...
It wasn’t expected to go into effect. In December 2017, the Tax Cuts and Jobs Act of 2017 was passed, delivering corporate tax cuts and higher standard deductions. Who was going to pay for it?
In early September, I published an article seeking guidance from the IRS on how to implement the new capitalization rules under IRC Section 174, which was effective on Jan. 1, 2022. Much to my ...