Maintaining integrity in tax administration often requires the use of penalties to encourage voluntary compliance. However, it is crucial that the tax
Defining software development costs
The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, eliminated the option to currently deduct research and experimental (R&E)
Aggregation rules affecting foreign-owned companies
Multinational businesses headquartered overseas customarily conduct operations in the United States via local subsidiaries. These U.S. companies,
State Sales Tax Compliance for Startups
Startups face a number of challenges from hiring qualified employees, to research and development, to marketing and market research, to securing
Do Startups Need Audited Financial Statements?
By law private companies are not required to undergo an annual audit of financial statements required of public companies, however, startups can
Redetermining foreign taxes in a post-TCJA world
The foreign tax redetermination (FTR) rules under Sec. 905(c) apply to taxpayers who accrue foreign taxes and either (1) pay a different amount, (2)
Managing tax audits using sampling techniques
Sampling is a tool that is generally used whenever there is a list of records, also known as the population, that requires an assessment in order for
Taxation of employees’ use of corporate apartments
Taxable compensation from use of an employer-provided corporate apartment Absent an applicable exclusion, the fair market value (FMV) of any fringe
Tax fraud and bankruptcy dischargeability
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation are significantly