The first step of cross-border M&A- due diligence in tax investigation Mergers and acquisitions is one of the important ways for a Chinese
Significant and Current Tax Developments in California and Texas
California The California Franchise Tax Board has made significant tax developments to its existing rules for taxpayers doing business in multiple
Understanding Sec. 7502(a), USPS, and non-USPS postmarks
Attention taxpayers! These days, taxpayers need to understand the reasoning behind Sec.7502(a), which states a petition must be timely mailed to be
Understanding the Impact of Wayfair on Businesses
The outcome of South Dakota v. Wayfair, Inc. (2018) affected each state’s nature of sales tax collection for remote sellers with or without a physical
How the Outcome of Wayfair Complies with Sales Tax Today
Part 1 When the U.S. Supreme Court revised the outcomes of South Dakota v. Wayfair, Inc. (2018) and Quill Corp. v. North Dakota (1992), the nature
New Guidance of Revenue Recognition and Automatic Method Changes
Under new guidance of FASB’s Issuance of Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606), the framework for
Your eligibility to claim R&D Tax Credit
Due to the underutilization of R&D tax credit, taxpayers of startup companies that develop or improve products should be aware that they are
Taxpayers’ Research Tax Credit per Sect. 41(d)
According to The Joint Committee of Taxation, federal tax expenditures for the research tax credit will reach $16.4 billion in the fiscal year 2023.
Foreign Tax Credit Issues – Coca Cola
The IRS examined Coca Cola’s consolidated tax returns and it determined that royalty payments made by Coca Cola’s licensee corporations were not at