For many tax-exempt organizations, earning revenue outside of donations, grants, and program service income is a normal part of operations. But not all revenue is treated the same for tax…
Qualified Production Property: Unlocking Opportunities for Domestic Manufacturers
The One Big Beautiful Bill Act (OBBBA) created a new tax planning opportunity for domestic manufacturers by introducing Qualified Production Property (QPP), a new category of nonresidential real property that…
Are You Filing Where You Should? A Multi-State Tax Guide for Manufacturers and Distributors
Growth can make your manufacturing and distribution businesses stronger, but it can also make tax compliance harder to track. As your company adds customers, expands routes, stores inventory in new…
Safdieh v. Commissioner: Second Circuit Reaffirms IRS Authority to Assess Penalties for Delinquent Foreign Reporting
In the recent court case Safdieh v. Commissioner (2026), the U.S. Court of Appeals for the Second Circuit held that the IRS may assess and collect penalties directly for failing…
2026 Tax Planning Strategies for Construction and Real Estate Development Companies
The construction and real estate development industry continues to operate in a complex tax environment in 2026. Between the phase-down of bonus depreciation, ongoing interest expense limitations, evolving state conformity…
