Entertainment 100% Nondeductible Certain narrow exceptions to the 50% limitation allow taxpayers 100% deduction for qualifying food and beverage
Foreign Branch
In December 2018, IRS issued revised instructions to form 8858 which expanded the requirements to file this form to include the reporting of foreign
Subpart F and GILTI
To prevent the abuse of non-U.S.-source income tax treatment, the US Code requires Subpart F income to be included in the current year taxable income
Assessment statutes of limitation on the Sec. 965 Transition tax
LB&I released a memorandum (LB&I-04-1120-0020), which provides a six-year limitation period for the assessment of a net transition tax
Like-kind exchanges for the real property
New Regs. Sec. 1.1031(a)-3 provides a unifying definition of the real property for Sec.1031, real property includes “land and improvements to land,
U.S. House Democrats seek at least $160 billion in new EV funding
WASHINGTON, Aug 11 (Reuters) - A group of 29 U.S. House Democrats want congressional leaders to include at least $160 billion in additional funding
Trucks Move Past Cars on the Road to Autonomy
Money is pouring into autonomous trucking startups, just as many are souring on the short-term prospects for self-driving cars. IN 2016,
Myth buster #2: “Electric vehicles will overload the power grid”
Will a mass transition to electric vehicles (EVs) cause the electric power grid to collapse? Some argue that EVs will make the grid unstable, which
EV rollout will require huge investments in strained U.S. power grids
(Reuters) - During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide