The 2021 final foreign tax credit (FTC) regulations make significant changes to the FTC rules for U.S. multinationals. In addition to a variety of other modifications, the final regulations overhaul the 2020 proposed regulations regarding the Section 245A dividends received deduction (DRD) to deny a credit or deduction for certain foreign income taxes paid or […]
In what many see as an unexpected development, Senator Joe Manchin (D-W.VA.) on July 27 announced that he had reached an agreement with Senate Majority Leader Chuck Schumer (D-NY) on new legislation – the Inflation Reduction Act of 2022 – which is intended to address inflation by paying down the national debt, lower consumer energy
Los profesionales de impuestos federales que trabajan para resolver problemas con el IRS (por sus siglas en inglés) pueden dar fe de los impactos multifacéticos de las limitaciones de recursos de la agencia en el servicio al contribuyente. Las señales son evidentes, por ejemplo, en los largos tiempos de espera para que se respondan las
4 CONSEJOS PARA TRABAJAR CON UN SERVICIO DE IMPUESTOS INTERNOS CON RECURSOS LIMITADOS Read More »
Although tax credits as subsidies have been a cornerstone catalyst for advancing many ESG policies and technologies over the last several years, tax is often forgotten or minimized in the process of creating and implementing corporate ESG and value creation strategies. Ignoring the symbiotic relationship between tax and ESG is a losing strategy, given increased
NAVIGATING THE INTERSECTION OF TAX & ESG Read More »
Each year, some taxpayers find themselves scrambling to find their income tax return paperwork, a year’s worth of receipts, and ultimately become stressed in the attempt to file their tax return by April 18. Others know and understand that simply filing a tax extension can earn them time, reduce their stress, and possibly, incur a lower
My CPA Says, “Extend.” What Does That Mean to Me? Read More »
We want to meet your expectations. Please follow these guidelines to help ensure that we can do that. If you need assistance with any software anytime, please contact our Operations Team instead of your accountant. Our Operations Team is ready and able to help you promptly, so no waiting is necessary 🙂 If you have
How to be Tax Ready Read More »
Key Findings Twenty-one states and the District of Columbia had significant tax changes take effect on January 1, 2022 Five states (Arizona, Arkansas, Louisiana, North Carolina, and Oklahoma) cut individual income taxes effective January 1. The District of Columbia was the only jurisdiction to increase income taxes. Four states (Arkansas, Louisiana, Nebraska, and Oklahoma) saw
State Tax Changes Effective January 1, 2022 Read More »
Forms 1099 Businesses (including Schedule C’s, farms, and rentals) are required to prepare these annual informational returns for certain amounts paid during conduct of their trade or business. Recipient copies are required to be issued by January 31, 2022. We will be issuing more detailed information on this subject before the end of the year,
Upcoming Due Dates and Important Info Read More »
PUEDE PARECER QUE ACABAS DE TERMINAR CON LA DECLARACIÓN DE IMPUESTOS DEL AÑO PASADO, ¡PERO AQUÍ VAMOS DE NUEVO! Con el 1 de enero acercándose rápidamente, ahora es un buen momento para comenzar a armar las cosas para que no esté luchando por cumplir con la fecha límite de impuestos de 2021 en el último
Cómo hacer que la presentación de impuestos sea fácil en 2022 Read More »
Are you confused about which electric vehicles (EVs) qualify for federal tax credits? You’re not alone. To clarify the rules, here’s a guide to EV and plug-in electric vehicle tax credits. It answers some crucial questions you might have about these incentives. How much is the credit? You’ll often hear that a credit is worth
Electric Vehicle Tax Credits: What You Need to Know Read More »
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