ThomsonReuters

FEBRUARY 9, 2024

Under this act, a new section would be added to the Internal Revenue Code, specifically Section 1261 , which states that gains derived from the sale, exchange, or other disposition of specified country of concern property shall be treated as ordinary income. Stay tuned for further updates on these developments!

Tax 110

Tax tax return Technology income tax 110

Cherry Bekaert

JANUARY 10, 2024

The tax credit provides a varying, four-tier incentive depending on the carbon intensity of the hydrogen production pathway. The Department of Energy (DOE) released a white paper describing how to assess lifecycle greenhouse gas emissions associated with the use of electricity in hydrogen production.

Tax 101

Tax Manufacturing income tax tax return 101

ThomsonReuters

FEBRUARY 24, 2023

For the third year, which is a positive year, the partnership is taxed on $120,000 [$200,000 – ($40,000 x 2)]. The earnings amount is then split between the partners and taxed at their individual income tax brackets. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

Non-Profits 59

Non-Profits tax return Tax income tax 59

ThomsonReuters

NOVEMBER 12, 2021

Read our white paper about corporate tax management to learn how next-generation tax technologies help tax professionals deliver valuable analysis, insights, and guidance to their companies.

tax planning 52

tax planning Tax corporation tax Technology 52