M&A considerations resulting from the new required tax treatment of R&D costs

  • Published: 04/24/2023 — 10:00 am

(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.

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Tax Court rules that IRS lacks authority to assess penalties under section 6038(b)

  • Published: 04/19/2023 — 10:00 am

(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).

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ASC 740: Q1 2023 Provision Considerations

  • Published: 04/02/2023 — 10:00 am

(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.

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RSM again calls on Congress to address problematic changes to R&D tax law

  • Published: 03/08/2023 — 10:00 am

(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.

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R&D continues its losing streak in court

  • Published: 03/01/2023 — 10:00 am

(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.

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Tax withholding for equity compensation

  • Published: 02/22/2023 — 10:00 am

(authored by RSM US LLP) Employment and income tax withholding rules for equity compensation.

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South Dakota drops Wayfair transaction threshold

  • Published: 02/10/2023 — 10:00 am

(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.

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Income tax provision considerations for financial statement preparers

  • Published: 02/07/2023 — 10:00 am

(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.

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Preparing for state section 174 differences

  • Published: 01/25/2023 — 10:00 am

(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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Minnesota passes tax conformity bill

  • Published: 01/19/2023 — 10:00 am

(authored by RSM US LLP) Minnesota enacts IRC conformity legislation, but much of the new bill is clarifying, not changing, the haphazard conformity of the prior law.

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