After months of negotiations, the White House has announced a framework for Biden’s Build Back Better infrastructure plan, a $1.75 trillion package of social infrastructure measures paid for by tax increases. The measures are in addition to those previously approved by the Senate in the transportation-related $1 trillion bipartisan infrastructure bill. In reaching the framework, […]
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Need help navigating your company’s ESG compliance and reporting policies? Contact us today! The U.S. Department of Homeland Security (DHS) posted a report on its website on September 22, 2021 that establishes timelines for Customs and Border Protection (CBP) to respond to allegations of forced labor. Although U.S. law has prohibited the importation of merchandise […]
Read moreThe IRS Office of Chief Counsel publicly released a memorandum[1] on October 15, 2021 highlighting the information that taxpayers need to provide when filing a refund claim involving the research credit under Internal Revenue Code Section 41 in order to meet the “specificity requirement” under Treas. Reg. § 301-6402-2(b)(1). As a result of the memorandum, effective January 10, […]
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