The Cybersecurity Threat, Burden, and Role of Tax Practitioners
Tax practitioners have learned that they possess something that a new breed of criminals, namely cybercriminals, desire—information.
Tax Law
Stay Off IRS List and Secure Relief for Prior Nonreporting of Foreign Accounts and Other Assets
NOT TOO LATE to Stay Off IRS List and Secure Relief for Prior Nonreporting of Foreign Accounts and Other Assets (FBAR and others)
Tax Law
Yearend Also Brings End to Startups Opportunity to Elect to Monetize R&E Income Tax Credit as Payroll Tax Credit for 2016
IRS and Department of Treasury provided operational rules for 2016 that allow at least for the 2016 tax year an extension of time for taxpayers to make the election on or before December 31, 2017 to treat R&E tax credits as a Payroll Tax Credit and claim the benefit against the next payroll tax filing.
Business Law, Tax Law
Tech Companies Receive New Avenue to Enjoy the R&E Tax Credit
Early stage technology companies have a new way to convert income tax credits that arise from R&D efforts into payroll tax credits that may immediately benefit the companies.