Updated Guidance on Accounting Methods for Specified Research or Experimental Expenditures
The IRS has issued a revenue procedure providing updated guidelines for accounting method changes for specified Code Sec. 174 research or experimental …
Wyden Eyes Business Tax Breaks in Exchange for Moving Child Tax Credit
The Senate’s senior democratic tax writer said tax break discussions will be part of the Congressional agenda for the upcoming …
IRS updates pre-TCJA guidance on vehicle and unreimbursed employee expenses
In a Notice and accompanying news release, IRS has provided updated information to taxpayers and employers about changes from the …
Fact Sheet highlights new rules & limits for depreciation and expensing under TCJA
IRS has issued a fact sheet that highlights some of the new rules and limitations for depreciation and expensing under …
IRS Notice explains new business interest expense limitations
In a Notice and accompanying news release, IRS has provided guidance for computing the business interest expense limitation under Code Sec. …