Find Your Specialist


Contact Us

Error: Contact form not found.

Corporate Tax

New IRS Program Takes on “Basis Shifting” by Related Partnerships, Frazier & Deeter

New IRS Program Takes on “Basis Shifting” by Related Partnerships

July 10, 2024

The IRS has intensified its review of related-party partnerships, uncovering widespread use of transactions that artificially generate income tax benefits through basis adjustments. Consequently, the IRS is ramping up audits on complex partnerships and consolidated groups holding partnership interests, suspecting these transactions lack economic substance and are solely for tax avoidance. Read More

R&D tax credits for software companies

Maximizing R&D Tax Credits for Software Development Companies

June 28, 2024

Software companies often miss out on R&D tax credits, a valuable financial opportunity. This guide explains how to strategically leverage them for growth. Read More

Updated Guidelines for Renewable Energy Credit Transfers, Frazier & Deeter

Updated Guidelines for Renewable Energy Credit Transfers

April 26, 2024

The Department of Treasury and IRS are releasing Notice 2024-08926 in the Federal Register. Much of this guidance clarifies the previously proposed rules regarding the transfer of clean energy credits. Read More

Constitutional Challenge to Corporate Transparency Act Won’t Stop 2024 Reporting, Frazier & Deeter

Corporate Transparency Act Ruled Unconstitutional

April 10, 2024

An Alabama federal court recently ruled that the Corporate Transparency Act violates the Constitution’s Commerce clause by requiring nearly all U.S. small businesses to report information about their beneficial owners to FinCEN. Read More

IRS Audit Campaign Will Examine Personal Use of Corporate Airplanes, Frazier & Deeter

IRS Audit Campaign Will Examine Personal Use of Corporate Airplanes

March 19, 2024

The IRS's new Business Aircraft Campaign will focus on airplane usage by large corporations, large partnerships and high-income taxpayers, emphasizing the amount of business versus personal use, income reporting and fringe benefit inclusion. Read More

SALT ALERT: Tennessee Proposes Major Changes to Franchise Tax

January 25, 2024

On January 24, two Tennessee House Republicans introduced House Bill (HB) 1893. As introduced, HB 1893 deletes the provision requiring that the measure of the franchise tax must not be less than the actual value of the real or tangible property owned or used by a taxpayer in Tennessee. Read More

IRS Clarifies Rules for New Corporate Alternative Minimum Tax, Frazier & Deeter

IRS Clarifies Rules for New Corporate Alternative Minimum Tax

October 17, 2023

The IRS has issued a third notice with additional guidance designed to help corporations determine whether the new corporate alternative minimum tax applies to them and how they calculate the tax. Read More

IRS Releases Guidance on Corporate Tax Provisions of IRA

February 6, 2023

When Congress changes the tax code, it can take the IRS months, sometimes years, to write regulations interpreting the new law. It is common for new tax rules to take effect well before regulations are issued, so taxpayers are faced... Read More

1099s Required for 2022 Tax Year

December 1, 2022

Taxpayers earning income from selling goods or providing services may receive a Form 1099-K, Payment Card and Third-Party Network Transactions, for the first time in early 2023, when the 2022 forms are due. The requirement to file Forms 1099 have... Read More

Senate Passes Inflation Reduction Act

August 24, 2022

A major tax, climate change and healthcare bill passed the Senate in a rare Sunday session on August 7 on a strict party line. The Inflation Reduction Act of 2022 won approval on a 51-50 vote, with all Democrats voting... Read More

Privacy Overview

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.
Always Enabled