IRS Requests Feedback on Proposed Changes to Form 6765
The IRS is seeking feedback from stakeholders on proposed changes to Form 6765, Credit for Increasing Research Activities, also known as the …
Thomson Reuters Tax & Accounting
Posts by this author
Client Update: Educator Expense Deduction
This Client Update discusses the 2023 Educator Expense deduction. For 2023 this adjustment is worth $300. (IR 2023-150, 8/17/2023) Educator …
Werfel Stops New Employee Retention Credit Processing Amid Surge of Questionable Claims
The IRS has announced an immediate moratorium on processing new Employee Retention Credit (ERC) claims through at least the end …
Key 2024 Figures Calculated by Thomson Reuters Checkpoint Based on Inflation Data Now Available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price …
Client Update: Taxation of Nonresident Aliens
Individuals and entities that are not U.S. citizens or residents may be required to report income that is effectively connected with …
IRS Reminds Employers of Best Practices for Disaster Preparation
The IRS has released a reminder to taxpayers, ahead of the peak of the hurricane season, to have an emergency preparedness plan …
More answers
Finance Committee to Markup Bill Ending Double-Taxation between U.S. and Taiwan
Senate Finance Committee Chair Ron Wyden, Democrat of Oregon, has announced plans to convene a business meeting on September 14, …
Maryland Comptroller Provides Guidance on the Sales and Use Taxation of Cannabis
by Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on the sales and use taxation of cannabis including …
Reminder: FBAR Extended Filing Deadline Is Oct.17
In a news release, the IRS reminded individuals and entities who missed the April 15 deadline for filing a Report …