The 2023 tax filing season brought new challenges for corporations navigating additional reporting requirements tied to the Corporate Alternative Minimum Tax (CAMT). In response, the IRS issued guidance to simplify compliance through safe harbor provisions. 2023 tax reporting Once the 2023 tax filing season arrived it was found that certain
The IRS entered the 2022 tax season with significant operational challenges including an enormous backlog of unprocessed returns and chronic issues with customer service quality. While it’s typical for the agency to begin tax season with up to about one million unprocessed returns, this year the number increased to 11.7
As a follow-up to prior IRS guidance discussed in our earlier blog, the IRS released Revenue Procedure 2025-28 on August 28, 2025, providing detailed guidance on how businesses should handle research and experimental (R&E) expenses under the One Big Beautiful Bill Act (OBBBA). These changes significantly alter the tax treatment
“That’s the great part of the job – knowing we’re adding value and helping our clients succeed. It’s more than just putting numbers on a form.” A tax consulting professional with more than two decades’ experience, Scott has an eagle eye for identifying tax savings opportunities and helping companies minimize
On May 9, 2019, Ohio’s House of Representatives passed House Bill 166 by a vote of 85-9. This is a two-year state budget bill that, if passed in it’s current form by the Senate and signed by the governor, will make several significant changes to Ohio tax law. The House
Passed as part of the CARES Act at the onset of COVID-19 in the Spring of 2020, the Employee Retention Tax Credit (ERTC) Program, in very simple terms, is a credit for continuing to pay employees during the pandemic if certain tests are met. While the name suggests it’s related
A new Ohio law provides a SALT cap workaround and will save some taxpayers tens of thousands in federal tax. On June 14, 2022, Ohio Governor Mike DeWine signed Senate Bill 246 which allows a workaround to the $10,000 state and local tax (SALT) deduction cap imposed by the Tax
What changes can we expect in the tax code – and what can you do to be ready for them? In this landmark lightning round event, top tax pros from Barnes Dennig unpack key issues, what they could mean for you, and what you can do now to get ahead
How do the new tax credits work, and how can they help you build a foundation for the future? Join ACI for an exclusive virtual event as Barnes Dennig tax directors and COVID-19 Advisory Team leaders Andy Bertke and Scott Cress unpack key components of the Employee Retention Credit (ERC)
The Employee Retention Credit (ERC) and a tax credit for paid leave due to COVID-19 can have a major impact on your business and cash flow. In this 60-minute chat session, the Barnes Dennig COVID-19 Advisory team leaders unpack the newly expanded Employee Retention Tax Credit and pandemic-related tax credits
Barnes Dennig is dedicated to helping you identify opportunities, options and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. Economic impact payments: What you need to know In an information release, the Treasury Department and IRS have announced that
Retroactive and Future High-Tax Exceptions Available New regulations released by the Treasury Department on July 21, 2020 have confirmed inclusion of a high-tax exception to avoid global intangible low-taxed income (GILTI). Released under IRC Section 951A and the temporary regulations under section 954, these regulations have been anxiously awaited since