VPTax News & Content
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FAQ: Capitalization and amortization of R&D costs under new section 174 rules
(authored by RSM US LLP) See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
Read MoreM&A considerations resulting from the new required tax treatment of R&D costs
(authored by RSM US LLP) New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.
Read MoreTax Court rules that IRS lacks authority to assess penalties under section 6038(b)
(authored by RSM US LLP) On April 3, 2023, the Tax Court held that the IRS lacks authority to assess penalties under section 6038(b).
Read MoreASC 740: Q1 2023 Provision Considerations
(authored by RSM US LLP) A roundup of global income tax considerations and changes in tax law for corporations preparing income tax provisions under ASC 740 for the first quarter of 2023.
Read MoreRSM again calls on Congress to address problematic changes to R&D tax law
(authored by RSM US LLP) RSM has submitted a second comment letter to Congress addressing the requirement to capitalize and amortize R&D expenditures under section 174.
Read MoreR&D continues its losing streak in court
(authored by RSM US LLP) IRS continues to win cases challenging the research and development (R&D) credit. Specificity and supporting documentation remain tantamount to sustaining R&D credits.
Read MoreTax withholding for equity compensation
(authored by RSM US LLP) Employment and income tax withholding rules for equity compensation.
Read MoreSouth Dakota drops Wayfair transaction threshold
(authored by RSM US LLP) First state to adopt economic sales tax nexus eliminates 200-transaction threshold providing remote sellers more certainty in determining nexus.
Read MoreIncome tax provision considerations for financial statement preparers
(authored by RSM US LLP) Financial statement preparers should consider the impact of new tax laws and regulations on income tax calculations and disclosures in their 2022 financial statements.
Read MorePreparing for state section 174 differences
(authored by RSM US LLP) State conformity to section 174 and potential congressional action require taxpayers to plan ahead and stay flexible as compliance season approaches.
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