by chrabik | Aug 3, 2026 | Uncategorized
Many countries incentivize business investment in research and development (R&D), intending to foster innovation. A common approach is to provide direct government funding for R&D activity. However, a significant number of jurisdictions also offer R&D...
by chrabik | Jul 31, 2026 | Uncategorized
Full expensing under the One Big Beautiful Bill Act does not neutralize the tariff burden on imported goods, as former White House Council of Economic Advisers chair Stephen Miran asserts.Read More
by chrabik | Jul 28, 2026 | Uncategorized
On July 1, 2026, the IRS quietly removed its Delinquent FBAR Submission Procedures webpage with no formal announcement explaining the change. This program let taxpayers file late Foreign Bank Account Reports (FBARs) without penalty, as long as they’d already...
by chrabik | Jul 21, 2026 | Uncategorized
Introduced by Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO), The Taxing Buybacks from Big Oil Windfalls Act would raise the stock buyback excise tax from 1 percent to 25 percent for large oil and gas companies. Read More
by chrabik | Jul 19, 2026 | Uncategorized
The five states with the highest average combined state and local sales tax rates are Louisiana (10.13 percent), Tennessee (9.61 percent), Washington (9.57 percent), Arkansas (9.48 percent), and Alabama (9.46 percent).Read More
by chrabik | Jul 16, 2026 | Uncategorized
If you’re a US person who owns a Foreign Disregarded Entity (FDE) or operates a foreign branch, think a foreign LLC or sole proprietorship treated as disregarded for US tax purposes, there’s a good chance the IRS wants to hear about it. There’s no...
