…all matters pertaining to the interpretation, administration and enforcement of the Internal Revenue Laws, recently provided interpretive advice to taxpayers on two issues related to cryptocurrencies. 1. IRC Section 165…
New partnership and S corporation taxpayer forms create havoc and confusion In 2021, the Internal Revenue Service (IRS) issued new schedules K-2 and K-3 for 2021 partnership and S corporation…
Three IRS rules impacting Forms W-2 The Internal Revenue Service (IRS) is reminding businesses that changes under the SECURE 2.0 Act may affect reporting amounts on Forms W-2 beginning tax…
…for the first time, the Internal Revenue Service (IRS) is adding QR technology to notices sent to millions of taxpayers. Notices CP14 and CP14 IA, which inform taxpayers that they…
The Internal Revenue Service (IRS) has created numerous resources for taxpayers to learn about tax-related identity theft and action steps for identity theft victims. With tax season in full swing,…
…the company and various joint ventures and development entities. Doug’s recent experience includes manufacturing, distribution and biotechnology companies with unique revenue cycles and recognition methods. He has numerous clients that…
…capabilities. Pricing and profitability are unclear Limited information on product/segment margins and the cost-to-serve is not well known or understood. Complexity exceeds our current team Multi‑entity, multi‑state, inventory valuation, revenue…
…lease and revenue recognition standards for certain entities. What Discount Rate is Appropriate When Calculating the Initial Value of a Lease? Issued in February 2016, Accounting Standards Update (ASU)…
…which granted a one-year delay on the required implementation dates of the new lease and revenue recognition standards for certain entities. How to Account for Subsequent Measurement of Lease Payments…
What business owners need to know about pass-through entity tax and elections Watch our webinar for an update on what will help business owners to navigate the tax limitation at…
…controls, and addressing complex GAAP technical issues. He provides guidance on the application of GAAP, particularly in inventory costing for manufacturing operations, revenue recognition, and financial reporting. Michael has a…
…You Aware of the Historic Rehabilitation Tax Credit? High Level Look at Disclosures Required for Revenue Recognition “How Tax Reform May Impact the Construction Industry and How to Plan for…