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...
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...
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...
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