The court is set to rule whether a parent company or a subsidiary can claim the money. | Global tax reform could raise as much as $100B, OECD says | | By William Horobin 2 min read | | Updating global tax rules could boost government revenue by as much as $100 billion, the Organization for Economic Cooperation and Development said Thursday in an effort to spur complex negotiations between world powers. | |
| 5 most overlooked expenses in R&D credits | | By Jamie Overberg | | Each year, corporations and pass-throughs across industries fail to claim R&D tax credits because they aren’t aware that many day-to-day activities qualify for this dollar-for-dollar reduction in income tax liability. | |
| In the blogs: Overly hopeful | | By Jeff Stimpson 3 min read | | The new budget; the SALT myth; NATP; and other highlights from our favorite tax bloggers. | |
| IRS proposes update to income tax withholding rules | | By Michael Cohn 3 min read | | The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator. | |
| SPONSOR CONTENT | | Seeing “20/20” in 2020 | | What do the recent Accounting Standards Updates mean for your business? | |
| GOP’s 21% corporate tax rate locked in by congressional gridlock | | By Laura Davison 3 min read | | The sharp divergence between Republicans and Democrats over the 21 percent corporate income tax rate was on display Tuesday at the House Ways and Means Committee as Democrats began making the case for a large increase should their party succeed in November’s elections. | |
| Shareholder tax savings is ultimate goal of IC-DISC ownership structure | | By David McGuire 3 min read | | One way for C corporations to reduce taxable income is to utilize an interest charge – domestic international sales corporation (IC-DISC). However, when dealing with C corps, it is imperative the IC-DISC’s ownership structure is correctly established at the onset. | |
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