by Jessica Esquivel | Nov 13, 2023 | tax
The Tax Cuts and Jobs Act of 2017 (TCJA) requires capitalization of all specified research and experimental expenditures (SR&E) incurred in tax years beginning after December 31, 2021. On September 8, 2023, the IRS released Notice 2023-63 notifying taxpayers of... 
by Jessica Esquivel | Nov 1, 2023 | tax
Starting January 1, 2024, the Corporate Transparency Act of 2020 (the “CTA”) requires new and existing domestic and foreign entities created in or registered to do business in the United States to disclose information regarding their beneficial owners and company... 
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... 