Tax Law News and Insights

10 Key Elements To Consider In A Transfer Pricing Agreement

Published: Feb 20, 2024
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What is Transfer Pricing? Transfer pricing is a financial and tax accounting practice that determines the prices at which related entities within a corporate group transact with each other for goods, services, intangibles, or financing. These transactions can significantly impact a company's financial statements, tax liabilities, and compliance with tax...

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IRS Opens Registration Portal For The Elective Payment Or Transfer Of Tax Credits

Published: Feb 15, 2024
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The Internal Revenue Service (IRS) recently launched a new online registration portal allowing taxpayers to begin the registration process that must be completed in order for a taxpayer to elect to transfer a credit (under Section 6418) or to receive an elective payment (under Section 6417).1 Taxpayers intending to transfer credits...

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What Non-Tax Lawyers Should Know About LLC Tax

Published: Feb 15, 2024
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It is critical that individuals who are forming New Hamp­shire LLCs, whether these are single-member or multi­member LLCs, be aware of the federal and New Hampshire tax issues relevant to their LLCs, and that they ensure that these issues are correctly addressed in their certificates of formation and operating agreements....

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