Mar 27, 2023IRS issue guidance on implementation of advanced manufacturing investment creditLast Tuesday, the IRS issued Proposed Regulations (RIN 1545-BQ54) on the Advanced Manufacturing Investment Credit, under Code Section...
Aug 9, 2022IRS issues final regulations on IRC Section 754 electionsThe IRS issued final regulations removing the signature requirement for partnership IRC Section 754 elections. Under the final...
Aug 1, 2022House Passes Semiconductor Bill On July 28th, the House of Representatives approved legislation on semiconductor production and economic competitiveness, including an...
Jun 21, 2022Revised Audit Technique Guide for Cost SegregationThe IRS updated its Cost Segregation Audit Technique Guide as of June 1, 2022. The updates were as a result of changes in law, including...
Nov 23, 2021House Passes Build Back Better Act In your year-end planning and consideration of deferring deductions and accelerating income, sales of property could have a big impact...
Jun 14, 2021Limitations on Business Interest Expense and Adjustments Required by Changes in Method of AccountingFor purposes of determining the limitation on business interest expense under IRC section 163(j)(8), a IRC section 481(a) adjustment from...
Jun 10, 2021Importance of Good Record Keeping for DepreciationTaxpayers can generally deduct ordinary and necessary expenses of doing business, including depreciation, if adequate records are kept....
Apr 22, 2021Celebrate Earth Day from HomeLike many others, our team is still working remotely. Even from home, you can help make a positive impact on the environment. Join us in...
Mar 8, 2021International Women's DayHappy International Women’s Day and Women’s History Month! We are proud to be a member of the Women’s Business Enterprise Council and to...