Qualifying for the R&D Payroll Tax Offset Election for 2021
A taxpayer that claimed the R&D payroll tax offset starting in 2016 may not qualify for tax year 2021. The election is only allowed for 5 years. Therefore, if the offset was…
Research and Experimental Expenditures for 2022
The Tax Cuts and Jobs Act (TCJA) signed in to law on December 22, 2017 had a provision in it that is going to have a negative impact to companies…
Taxation of Cryptocurrency
We saw for the first time in 2019, the words “virtual currency” on Form 1040 (Schedule 1). There’s been additional discussion and regulation out of the Infrastructure Act that passed…