Business Tax

Treasury releases much anticipated proposed FTC regulations

Treasury releases much anticipated proposed FTC regulations

Last Friday, Treasury released proposed foreign tax credit regulations aiming to clarify the cost recovery requirement and royalty withholding ...
Schedules K-2 and K-3 draft instructions for tax year 2022

Schedules K-2 and K-3 draft instructions for tax year 2022

Pass-through entities and partners alike should understand the compliance changes associated with the IRS's recent release of updated draft ...
Clean energy incentives for manufacturers

Clean energy incentives for manufacturers

The Inflation Reduction Act of 2022 provides new and expanded clean energy incentives for businesses in the manufacturing sector.
New credit amounts for the Production Tax Credit for 2022

New credit amounts for the Production Tax Credit for 2022

IRS announces new tax credit amounts under section 45 of the Internal Revenue Code, for the calendar year 2022.
OECD issues final Crypto-Asset Reporting Framework – now what?

OECD issues final Crypto-Asset Reporting Framework – now what?

The OECD’s updated crypto-asset reporting framework and CRS amendments will streamline reporting and exchange of information on crypto-assets.
Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations

Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations

The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations.
Year-end tax planning considerations

Year-end tax planning considerations

Tax planning considerations for businesses and individuals approaching the end of 2022.
Business tax considerations amid economic headwinds

Business tax considerations amid economic headwinds

Tax considerations to help your business fight economic factors that could lead to a recession.
IRS makes statements on CARES Act Employee Retention Tax Credit risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get ...
IRS releases required minimum distribution (RMD) guidance

IRS releases required minimum distribution (RMD) guidance

Notice 2022-53 announced the IRS’s intent to publish final regulations addressing required minimum distributions (RMDs) from certain plans.
New IRS draft forms reflect broader digital asset enforcement

New IRS draft forms reflect broader digital asset enforcement

The IRS changed “virtual currency” to “digital asset” in new draft forms, signaling enforcement efforts toward digital assets, including NFTs.
IRS provides simplified measures for correcting common S corporation missteps

IRS provides simplified measures for correcting common S corporation missteps

IRS Rev. Proc. 2022-19 provides S corporations with simplified procedures to resolve common issues without a private letter ruling.
Distressed acquisitions & credit bidding debt: an M&A tax perspective

Distressed acquisitions & credit bidding debt: an M&A tax perspective

Tax considerations for buyers and sellers of distressed companies under section 363 of the Bankruptcy Code.
Treasury releases technical corrections to final FTC regulations

Treasury releases technical corrections to final FTC regulations

IRS releases a set of technical corrections (2022-15867 and 2022-15868) to calm taxpayer concerns regarding the final FTC regulations.
Eleventh Circuit reverses Tax Court’s penalty approval analysis.

Eleventh Circuit reverses Tax Court’s penalty approval analysis.

The Eleventh Circuit overrules the Tax Court and holds supervisory approval any time before assessment satisfies section 6751(b).

Top Professionals Ready To Serve You

The FMF&E team prides itself on ensuring that you have quick and easy access to top professionals for any challenge. Our unique model gives our clients confidence that our experienced team can be trusted with your most complex challenges.