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
Tax Law
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.
Tax Law
Trump Tax Plan where we going
As we have argued in our previous articles, as the world has globalized and commerce crosses borders more frequently, the current US corporate income tax code is not only obsolete it is suicidal. The time for change is overdue. But what change will we find under President-Elect Trump?
Tax Law
Transfer Pricing Introduction
Transfer pricing is one of the most important issues in international taxation.
Business Law, Tax Law
Corporate Income Tax Should be Repealed
Over the past year there has been increasing political chatter about tax reform, a topic long
overdue and reaching crisis level.
Tax Law
IRS Increases The Need for Attorney-Client Privilege on Tax Issues
It may come as an unpleasant surprise to some readers to discover the Internal Revenue Service (“IRS”) has been using tax audits as cover for criminal investigations, which can directly relate to the tax issues or to some other federal matter.
Tax Law
Ways U.S. Colleges and Universities Can Reduce Tax Liability and Risk Generated By Foreign Research and Study Abroad Programs
As economies globalize and more knowledge is being shared, institutions of higher education have had to globalize their learning and research programs as well, and they are learning, sometimes the hard way, that the rules they are so very familiar with in the U.S. do not apply outside of our borders.