Tax

At a Glance Main Takeaway Operational transfer pricing is critical to global value chains for multinational corporations

https://windes.wistia.com/medias/d54s35zu4q?embedType=async&videoFoam=true&videoWidth=640   This webinar covers ASC 740 tax accounting for recent legislative changes

At a Glance Main Takeaway For real estate owners in Los Angeles, the recently passed Measure ULA, or the Homelessness and Housing Solutions Tax, may significantly impact your tax liability when buying or selling a property

The Governor’s office has announced that California will conform to the filing extensions granted by the IRS for California storm victims

The IRS is granting extensions to California storm victims until May 15, 2023, for the following filing and payment deadlines that were normally scheduled for on or after January 8, 2023: Individual income tax returns; Business return filings normally due between March 15 and April 18, 2023; Third and fourth…

Sending Documents Electronically Electronic delivery of materials is the preferred and the safest method to send data to us

In the latest draft of the Schedule K-2/K-3 (1065) instructions released on December 2, 2022, the IRS has expanded eligibility for the new domestic partnership exemption from filing Schedules K-2 and K-3 and revised the partnership notification requirements for partnerships that want to qualify for the exemption

At a Glance Main Takeaway On an income statement, stock-based compensation is recognized as a non-cash expense, just like other operating expenses such as depreciation

At a Glance Main Takeaway Property tax affects individual homeowners, but it also factors into tax considerations for real estate property owners