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Inbound U.S. Tax Services

Cherry Bekaert

Tax Services appeared first on Cherry Bekaert. Contact Us The post Inbound U.S.

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Increased IRS Scrutiny on Personal Use of Company-Owned Aircraft

Cherry Bekaert

Listen to learn more about: 02:41 – Federal private aircraft regulation background 06:36 – Key IRS tax issues 09:24 – Tax reporting key areas 11:14 – Disallowance of expense deductions 14:22 – IRS pilot audits 17:37 – Questions to consider before purchasing a private aircraft Recent Tax Beat Episodes Inbound U.S.

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ASU 2023-09: FASB’s New Income Tax Disclosures for Private Entities

Cherry Bekaert

On December 14, 2023, the Financial Accounting Standards Board (FASB) issued final guidance concerning income tax disclosures, labeled Accounting Standards Update No. For businesses surpassing specified quantitative thresholds, further disaggregation by taxing jurisdictions may be required.

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ASU 2023-09: New FASB Rule Enhances Income Tax Disclosures for Public Companies

Cherry Bekaert

The Financial Accounting Standards Board (FASB) released final guidance regarding income tax disclosures on December 14, 2023. Accounting Standards Update No. 2023-09 (ASU 2023-09) applies to all entities subject to income taxes and is intended to enhance the transparency and usefulness of income tax disclosures.

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How to Plan for Global Tax Minimization

Cherry Bekaert

The planning is a highly complex process but can be achieved with the proper planning and international tax structuring, as well as the right tax professionals. Contact Us Related Global Business Tax Services Thought Leadership Podcast: Inbound U.S.

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What are the best tax research sources?

ThomsonReuters

This includes, but is not limited to: Internal Revenue Code Revenue Rulings Financial Accounting Standards Board (FASB) U.S. Tax Court Supreme Court Circuit Court of Appeals Tax Treaties Treasury Regulations What are the secondary sources of tax law?

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Additional IRS Guidance Surrounding 174 R&E Capitalization Requirements

Withum

Contact Us For more information on this topic, please contact a member of Withum’s Business Tax Services Team. In addition, the IRS requested comments for additional examples of costs that should not be considered software development. This article was originally published by Lynn Mucenski Keck in Forbes on October 2, 2023.