Tax News

Explore Recent Tax News

IRS Updates Accounting Method Change Procedures for R&E Expenditures

Matt McKinney September 16, 2026

IRS Updates Accounting Method Change Procedures for R&E Expenditures Revenue Procedure 2026-32 provides updated procedures for accounting method changes under Sections 174 and 174A following the One, Big, Beautiful Bill Act. The Internal Revenue Service (IRS) released Revenue Procedure 2026-32, providing updated procedures for taxpayers seeking automatic consent to change their methods of accounting for research or experimental (R&E) expenditures under Sections 174 and 174A. The guidance primarily modifies previous procedures to incorporate changes necessitated by the One, Big, Beautiful

IRS Updates Accounting Method Change Procedures for R&E Expenditures

September 16, 2026 No Comments

4 States Offering Limited Windows for Tax Amnesty

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales and use tax penalties and interest are presently open. Indiana closes first, on September 9, 2026, while Illinois, New York, and Washington run later into 2026 under narrower terms. The

September 3, 2026 No Comments

Sales and Use

4 States Offering Limited Windows for Tax Amnesty

4 States Offering Limited Windows for Tax Amnesty Four states are currently offering programs that can eliminate or reduce sales

Joe Jacoby September 3, 2026

Sales and Use

Exemption Certificates Under Scrutiny: Five Documentation Failures That Create Sales Tax Exposure

Exemption Certificates Under Scrutiny: Five Documentation Failures That Create Sales Tax Exposure Exemption certificates are often treated as routine paperwork:

Deborah Dingess, Kamal Shah, CPA August 6, 2026

SaaS

State Tax Amnesty and Penalty Relief Programs: Indiana, Illinois, and Washington

State Tax Amnesty and Penalty Relief Programs: Indiana, Illinois, and Washington Several states are offering limited-time tax amnesty and penalty

Kenneth Harris July 31, 2026

R&D

Revised IRS Procedural Guidance Released

R&E Amortization Updates On December 12th, 2022, the Service released an advance copy of Rev. Proc. 2023-8, which provides procedural guidance for taxpayers to adopt accounting methods for specified research or experimental expenditures under Code section 174 as modified by the Tax Cuts & Jobs Act, Pub. Law No. 115-97. https://www.irs.gov/pub/irs-drop/rp-23-08.pdf

Matt McKinney December 13, 2022

R&E Amortization Updates

R&E Amortization Updates In 2017, Congress passed the Tax Cuts & Jobs Act (TCJA)[1]. As part of the act, Congress enacted revenue-raising provisions that affected R&E costs. The Joint Committee on Taxation (JCT) estimated that the R&E change would raise $119.7 billion over the next ten years. Section 13206 of

Matt McKinney December 8, 2022

COST SEGREGATION

Rev. Proc. 2020-25 The “Retail Glitch” Fix: Implementation

Rev. Proc. 2020-25 The “Retail Glitch” Fix: Implementation On Friday, April 17th, 2020, the Internal Revenue Service posted Rev. Proc. 2020-25 to its website. This new revenue procedure provides guidance on how taxpayers can fix the “retail glitch” that was retroactively corrected by H.R. 748, the Coronavirus Aid, Relief, and Economic

Greg Bryant April 20, 2020

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisted

Tax Cuts and Jobs Act and Section 1031 Like Kind Exchanges Revisited The Question Following the passage of Public Law Number 115-97, commonly known as the Tax Cuts and Jobs Act (TCJA), many tax professionals have questioned how the revisions to §1031 affect cost segregation studies; or more importantly, does

Matt McKinney October 14, 2019