ERC Suspended: What Happens Next
On Thursday, the IRS suspended the processing of new employee retention credit (ERC) claims to combat the prevalence of fraud. These measures...
About Victoria Bogdanovich
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Victoria Bogdanovich has contributed 174 entries to our website, so far.
Long-awaited Guidance Provided for Amortization of R&E Expenditures
Oct 26, 2023
The IRS intends to issue proposed regulations governing the capitalization and amortization of specified research and experimental (SRE) expenditures under...
Deduction of startup expenses
Jan 3, 2023
When is a company allowed to report as deductions on a tax return the expenses that have been incurred during...
Proposed regulations address CFC pro-rata share rules in consolidated groups
Dec 23, 2022
Treasury and the IRS on December 9 released proposed regulations (REG-113839-22) that would amend the regulations under Section 1502 to...
Smart tax strategies for lottery winners
Dec 16, 2022
Lottery fever remains at a high level lately, thanks in part to jackpots that sometimes exceed $1 billion, including the...
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