White House Releases Fiscal Year 2024 Budget Including Tax Revenue Proposals

Administration releases Fiscal Year 2024 Budget and Greenbook explanation of tax proposals. Expectations are light for proposals to move forward in Congress.

2023-03-14T13:31:34-04:00March 13, 2023|Categories: Tax: Business, Tax: Individual, Tax: International|Tags: |

IRS Makes Statements on CARES Act Employee Retention Tax Credit Risks

Last year, the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.

2023-02-15T14:36:39-05:00February 1, 2023|Categories: Tax: Business, Tax: Exempt Organizations|Tags: , , |

IRS Releases Draft Instructions to Claim Amended R&D Credits

IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or an administrative adjustment request (AAR) for BBA partnerships.

2023-01-23T08:31:31-05:00January 18, 2023|Categories: Tax: Business, Tax: Credits & Incentives|Tags: , |

With No Year-end Tax Package, Businesses Face Unfavorable Changes

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.

2022-12-27T11:03:54-05:00December 27, 2022|Categories: Tax: Business, Tax: Credits & Incentives|Tags: |
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