Earlier this week, Georgia Governor Brian Kemp signed legislation (SB 56) that will require retailers to collect sales tax on in-state sales of digitally downloaded products. Learn more.
Understanding the applicable statute of limitations in IRS tax matters is crucial. Tax cases have been won or lost on this issue alone. Learn more.
The IRS Dishonored Check or Other Form of Payment Penalty applies if you don’t have enough money in your bank account to cover the payment you made for the tax you owe. Learn more.
The Inflation Reduction Act of 2022 (IRA), signed into law last August, included a wide variety of tax incentives for clean energy. Learn more.
The IRS recently warned employers to be wary of third parties advising them to claim the Employee Retention Credit when they may not qualify. Learn more.
Section 174 changes take effect in the first tax year after December 31, 2021, beginning with the midpoint of the taxable year in which the expenses are paid or incurred. Learn more.
On November 30, 2022, the IRS issued Notice 2022-61, providing guidance on the prevailing wage and apprenticeship requirements that apply to Section 179D and Section 45L, as amended by the Inflation Reduction Act of 2022.
The 100% bonus depreciation tax advantage for purchasing aircraft is almost at an end.
With the rise in the annual inflation rate, President Biden signed the Inflation Reduction Act of 2022 into law on August 16, 2022. This legislation provides an array of methods to combat inflation, including the expansion of the Research and Development (“R&D”) Tax Credit.
The U S Inflation Reduction Act of 2022, passed by both the House and Senate, introduces new tax provisions including energy efficiency credits, a tax increase for corporations and more.