Viewpoint: California's 'tax expenditures' cost state dearly
California would have 45% more for its budget if certain tax breaks, called tax expenditures, were eliminated, a fiscal ...
IRS Proposes Rules on Base-Erosion Tax and Derivative Payments
The IRS on Friday proposed regulations on how the base erosion and anti-abuse tax, or BEAT, is applied to certain derivative payments.
Accounting Today20h
Rules and guidance proposed on commercial clean vehicles, clean fuels
Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming ...
IRS Says R&D Services Income Can Get Foreign-Income Tax Break
US companies’ income from providing research and development services to their foreign owner can qualify for a key US export tax break, the IRS said.