Long-awaited Guidance Provided for Amortization of R&E Expenditures
The IRS intends to issue proposed regulations governing the capitalization and amortization of specified research and experimental (SRE) expenditures under...
10 estate and income tax questions – 5
Sep 19, 2023
5. Does the estate contain a principal residence or vacation home with significant value? (more…)
The unique benefits of 529 college savings plans
Sep 12, 2023
To start with the basics, a 529 plan is legally known as a “qualified tuition plan.” It is a tax-advantaged plan that...
Guidance issued on consequences of certain state payments after 2022
Sep 8, 2023
Following up on guidance for payments made in 2022, the IRS on Wednesday issued Notice 2023-56, which describes the federal tax...
Sec. 965 transition tax: Installment payments causing processing errors
Sep 5, 2023
The IRS has seemed to struggle from the outset of the Sec. 965 transition tax to develop workable administrative procedures...
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