Tag Archives: IRS

The IRS has revealed a new compliance campaign. Here’s what you need to know.

IRS

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. On February 1, 2017 the IRS Large Business & International (LB&I) Division announced a new compliance campaign. This campaign is focusing more on an issue basis, focusing on areas the IRS has deemed to be the highest risk for potential non-compliance and abuse by taxpayers. ...

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Repairs and maintenance: Playing the IRS’ game

Thought Leadership on Business Ideas for Growth Companies and Growth Consultants presented by Cerini and Associates LLP. When it comes to your business’ tax return, you do not have any room to gamble.  One wrong move and you can increase your business’ chances of having its tax return selected for Internal Revenue Service (“IRS”) review; a process that you want to avoid ...

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IRS’ final tangible property rules benefit taxpayers

Timothy Ross Thought Leadership Headshot

Thought Leadership on Tax and Audit presented by CliftonLarsonAllen.  After a decade of contention and proposed regulations, the IRS has finally released comprehensive guidance on a fundamental tax issue: is an expenditure relating to tangible property a deductible repair or a capital expenditure? For the most part, the final regulations — under discussion since 2004 — are complete. They reflect a substantial effort ...

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