Today, many companies share research or technology to develop new products. For example, manufacturers might enter into a joint venture to conduct scientific research to design a new medical device. Or a watchdog group might work with a production company to create...
With continuing phone and in-person scams taking place across the country, the IRS has issued guidelines to help taxpayers understand how and why agency representatives may contact them. In most instances, the IRS sends a letter or written notice to a taxpayer in...
The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The amount of first-year depreciation available as a so-called bonus will begin to drop from 100% after 2022, and...