• The fundamentals of FATCA

    The Foreign Account Tax Compliance Act (FATCA) was established primarily to identify those with offshore assets who either do not prepare and file their taxes as required or file incomplete and inaccurate returns.
  • IRS discussion regarding UNICAP

    Section 263A or the uniform capitalization (UNICAP) rules require a taxpayer to capitalize additional costs into ending inventory that might not be capitalized under GAAP. Most food processors and beverage bottlers currently opt to use the simplified production method within the regulations because of the simplicity afforded under this method.
  • Wisconsin expands R&D credit

    Wisconsin opens its research and development tax credit beyond C corporations to individuals, partnerships, S corporations and LLCs treated as partnerships.