Tax

California The California Franchise Tax Board has made significant tax developments to its existing rules for taxpayers doing business in multiple

Attention taxpayers! These days, taxpayers need to understand the reasoning behind Sec.7502(a), which states a petition must be timely mailed to be

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

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

Under new guidance of FASB’s Issuance of Accounting Standards Update No. 2014-09, Revenue From Contracts With Customers (Topic 606), the framework for

Due to the underutilization of R&D tax credit, taxpayers of startup companies that develop or improve products should be aware that they are

Any business component must adhere to the four-part test: A permitted purpose, which includes a new or improved function, performance, reliability,

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