IRS explains PATH Act changes to expensing and bonus and Indian property depreciation
IRS has issued a Revenue Procedure which provides guidance with respect to the Protecting Americans for Tax Hikes Act of …
Turning startup profits into 100% tax-free gain under the qualified small business stock rules
Successful startups can pay off big for those who get in on the ground floor, and the qualified small business …
New procedures for obtaining or renewing Individual Taxpayer Identification Numbers (ITINs)
Notice 2016-48, 2016-33 IRB; IR 2016-100 In a notice and a news release, IRS has explained how it will implement …
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 …
Renewal of bonus depreciation & enhanced expensing offers tax-saving opportunities
The recently enacted “Protecting Americans from Tax Hikes (PATH) Act of 2015” (P.L. 114-113, 12/18/2015) made a number of significant …