Tax regulations

With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do.

Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards.

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation.

The most impactful laws, court decisions, regulations and IRS pronouncements of the last year.

The Internal Revenue Service released proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage.

The service has increased the number of transcripts that tax professionals can order per client to 30, up from 10 previously.

New guidance on the temporary 100% deduction is available in Notice 2021-63.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market.

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas).