On May 28, 2025, the U.S. Court of International Trade (CIT) delivered a significant ruling, striking down a series of tariffs imposed by the President Trump. The court determined that…
House Tax Proposal on International Tax Measures: Extenders and New Provision against “Unfair Foreign Taxes”
New Section 899 Foreign Provision would have a substantial impact on Foreign Investors and entities involved in U.S. Business. The House passed their proposal of the tax package as part…
The Next Chapter in Tax Policy: Unpacking the House Tax Proposal
With the sunset of many of the Tax Cuts and Jobs Act provisions at the end of 2025, a much-anticipated tax and spending package was released by the House Ways…
Optimizing Section 174 R&D Capitalization for Construction Contractors
Since it was first enacted in 1954, IRC Section 174 has allowed for a deduction and potential cash savings for research and experimental (R&E) expenditures for a wide range of…
Beneficial Ownership Reporting is Back: What Does It Mean for Your Business?
Updates as of February 28, 2025: FinCEN will not issue penalties or fines for failure to report beneficial ownership information (BOI) by current deadlines. We anticipate receiving revised deadlines and…
