You could be eligible to accelerate depreciation, or capture missed depreciation from a prior year. CSH’s cost segregation expert, Brendan Walsh, discusses cost segregation in more depth in this recent article.
New IRS regulations limit the number of currently available vehicle models that qualify due to strict sourcing requirements that apply to CV buyers who take delivery of, on or after April 18, 2023. CSH tax expert, Zach Dech, explains more about the qualifying criteria in this recent article.
Our CSH state and local tax experts have identified the top 8 mistakes companies make when dealing with sales tax collection, documentation, remittance, and filing. Not understanding the implications of online sales and changing state tax nexus can be costly and lead to harmful penalties.
The Supreme Court held that the Bank Secrecy Act’s $10,000 maximum penalty for the non-willful failure to file a Report of Foreign Bank and Financial Accounts (FBAR) accrues on a per-report basis, and not a per-account basis. Hear more about the key considerations in this high court ruling from CSH international tax expert, Lisa Wineland.
Many of Biden’s proposed tax provisions may be familiar and are recycled from prior budgets, but some are new, like the proposed tax hikes for Medicare funding. See our overview of all proposed tax changes and their impacts on taxpayers of various income levels.
The implementation deadline for the credit loss rules, combined with the possibility of a recession, is expected to lead to a surge in credit losses among smaller financial institutions in 2023. In turn, a buildup of credit loss reserves is likely to impair earnings. Hear more from CSH experts, Eric Hanson and David Klopfer.