U.S. taxpayers will continue to receive favorable treatment under the U.S. income tax treaties with Denmark, Luxembourg, Malta and Mexico. On July 31, 2023, the Internal Revenue Service (IRS) published competent authorit ...
In a contentious fight that required two special sessions, the Texas House and Senate approved H.B. 3, a historic legislative package aimed at reducing property taxes and simplifying franchise tax reporting requirements ...
On May 31, 2023, the Internal Revenue Service issued additional detailed guidance via Notice 2023-44 for the Qualifying Advanced Energy Project Credit Allocation Program as was extended by the Inflation Reduction Act of ...
The current interest rate and economic environment have brought challenges to financial institutions in managing their liquidity risk. Effective contingency liquidity planning is essential, and financial institutions may ...
In the March 6, 2023 Internal Revenue Bulletin the IRS issued a notice stating that it will acquiesce in the decision of the court in a case saying that the oil spill tax is unconstitutional as applied to exports (Trafig ...
Author: Robert Henry
The Internal Revenue Service (IRS) issued updated guidance for making the required accounting method changes for specified research and experimental (R&E) expenditures under IRC Section 174. Sec ...
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