Corporate Alternative Minimum Tax Guidance: What We Know So Far
In a November 6 webcast, a panel of Ernst & Young (EY) tax professionals analyzed the suite of interim IRS …
White House Calls for Digital Asset Tax ‘Fairness’ in New Report
In accordance with a President Trump executive order, the administration’s task force on digital asset policy released its report detailing …
IRS Offers ‘Simplified’ Corporate Alternative Minimum Tax Calculation Method
The IRS issued new interim guidance for the corporate alternative minimum tax (CAMT) enacted nearly three years ago in the …
US Manufactures Face Unfair Hit From Proposed Minimum Tax, Senator Says
Half of the estimated $313 billion tax increase from the book minimum tax proposed in legislation aimed at addressing inflation …
Senate Democrats Announce Tax Bill Addressing Deficit, Environment
Inflation Reduction Act of 2022 Summary of the Inflation Reduction Act of 2022 Senate Democrats have announced a deal on …
2016 research credit form, instructions implement new AMT offset, payroll credit rules
IRS has issued final versions of Form 6765, Credit for Increasing Research Activities, and the instructions for that form. The …
PATH Act changes make research credit creditable against other taxes for small businesses
The 2015 year-end legislation that retroactively extended and made the popular research tax credit permanent was welcome by many business …