IRS releases plan to triple its audit rates on large corporations
Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds.
For Franchises: Strategic Management Tools
In this article, we’ll outline types of strategic management tools for franchises and dive further into the various benefits.
The journey to 2025 tax reform begins
House Ways & Means Committee Chairman Jason Smith (R-MO) and House Tax Subcommittee Chairman Mike Kelly (R-PA) recently announced the formation of 10 "Committee Tax Teams". Each team will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 and identify legislative solutions.
Podcast | Military Tax Filings
As PBMares International Tax Practice partner, Lynn Eller helps us understand tax considerations for private military contractors working abroad.
Understanding IRS Letter 6612 for ERC Claims
IRS Letter 6612 signifies an audit of Employee Retention Credit (ERC) claims, prompted by a surge in ineligible applications. Businesses receiving the letter must provide detailed documentation within 30 days to prove their ERC eligibility or face possible claim denial.
Podcast | “Greatest of All Time” Internal Revenue Code Sections
In this podcast, PBMares summarizes IRS Code Sections that could include financial savings for individuals and businesses.
Podcast | R&D Tax Credits
In our latest podcast, Dan Chenoweth, Senior Tax Partner at PBMares, offers his insights on the federal research & development (R&D) tax credit aimed to stimulate businesses to invest in innovative endeavors.
Foreign Investment in U.S. Real Estate Tax Act
Learn about the Foreign Investment in Real Estate Property Tax Act and the impacts to you.
Podcast | Streamlined Amnesty Program
Lynn Eller, PBMares International Tax Practice partner, discusses the benefits of the Streamlined Amnesty Program in our latest podcast.
Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions
Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.