by Jessica Esquivel | Jan 12, 2023 | tax
On December 22, 2022, the Internal Revenue Service (IRS) finalized changes to Schedule UTP (Uncertain Tax Position Statement) and the UTP instructions for the 2022 tax year. What is an UTP? An UTP is a position taken on a tax return for which uncertainty exists... 
by Jessica Esquivel | Oct 28, 2022 | tax
The Tax Cuts and Jobs Act of 2017 (TCJA) requires capitalization of all research and development (R&D) expenditures incurred in tax years beginning after Dec. 31, 2021. Historical Treatment of R&D Expenditures Since 1954, the U.S. tax code gave... 