Insights
Not everything in the accounting and financial world is black and white. Much is left to interpretation coupled with experience. At KHA, we know our clients value our perspective and guidance. We therefore not only see it as our duty to share regulatory updates, but also our commitment to share our insights on matters that impact you, our clients.
Topic
IRS R&D credit refund claim transition period extended one year.
A summary of important state and local income tax updates enacted during the quarter ending Sept. 30, 2022, which may impact the computation of current and deferred tax provisions under ASC 740.
The actions taken throughout the life cycle of a real estate investment determine whether specific real estate is held for investment or held as dealer property.
IRS releases a set of technical corrections (2022-15867 and 2022-15868) to calm taxpayer concerns regarding the final FTC regulations.
When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.
President Biden announced a plan to extend the pause on student loan repayments and offer student loan forgiveness to millions of borrowers. Under the Student Loan Debt Relief Plan, eligible borrowers will have up to $20,000 of their student loans forgiven. Watch this video to learn more about the program.
Wealth preservation issues and strategies for multigenerational wealth; how to prioritize grantor intent for future generations while minimizing taxes and reducing conflict.
Fifth Circuit Court of Appeals upholds the constitutionality of section 7345, revocation or denial of passport in case of certain tax delinquencies.
Results of the midterm elections will determine the tax policy outlook for the remainder of 2022, including an extenders package.
The Eleventh Circuit overrules the Tax Court and holds supervisory approval any time before assessment satisfies section 6751(b).
Section 7803(e) provides taxpayers a general right to the IRS Independent Office of Appeals. IRS proposed regulations contain a list of 24 types of cases to be excluded from Appeals.
The top four findings from a talent gap research survey commissioned by RSM and solutions for overcoming the talent gap challenges companies are facing.
The FASB is looking for views on changes to accounting for investments in tax credit structures.
Congress passed multiple pieces of legislation aimed at providing relief to employers struggling due to the pandemic. A new Treasury Inspector General for Tax Administration (TIGTA) report finds that ongoing IRS processing delays are causing businesses to wait on COVID-related credits claimed on Forms 941-X. The report states that as of Feb. 1, 2022, there were 447,435 Forms 941-X waiting to be processed.
SAFEs are a newer means of raising capital. Companies and their investors should consider the effects of a SAFE’s tax treatment.