INSIGHTS AND RESOURCES

IRS drops draft instructions for Schedules K-2 and K-3

IRS drops draft instructions for Schedules K-2 and K-3

The IRS has recently released new draft instructions for schedules K-2 and K-3 for international tax reporting purposes.
Private equity firms may inherit data attacks from acquisitions

Private equity firms may inherit data attacks from acquisitions

Private equity firms acquiring a new business could be held responsible for existing ineffective security strategies and resulting breaches.
HHS Provider Relief Fund reporting and compliance update

HHS Provider Relief Fund reporting and compliance update

Register now for our webcast to get reporting tips on the portal and learn how to comply with most recent HHS timelines and guidance.
Caring with no compromise

Caring with no compromise

At Vasquez & Company LLP, we see the importance of having a credible business advisor and partner to evaluate your organization’s efficiencies and fiscal fitness for future operations.
Wisconsin budget bill cuts individual income tax rates

Wisconsin budget bill cuts individual income tax rates

Biennial legislation cuts taxes, offers more refundable research credit expenses and allows pass-through entities to claim certain credits.
Missing participants in a retirement plan

Missing participants in a retirement plan

A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.
California amends remote worker nexus guidance

California amends remote worker nexus guidance

California FTB amends remote worker nexus guidance, teleworking employees will create nexus and exceed P.L. 86-272 protections.
Tax aware investing

Tax aware investing

Proposed changes to capital gains tax rates, review of benefit and considerations for systematic Tax Loss Harvesting and more.
Reminder: New Mexico sales tax sourcing changes effective July 1

Reminder: New Mexico sales tax sourcing changes effective July 1

A new hybrid destination-based sourcing methodology impacts both in-state and remote sellers with New Mexico customers.
New guidance discusses carbon capture equipment and credit eligibility

New guidance discusses carbon capture equipment and credit eligibility

The IRS examines eligibility of component parts to carbon capture equipment and when owner of partial equipment may claim sec. 45Q credit.
ASC 740: Q2 2021 Provision Considerations

ASC 740: Q2 2021 Provision Considerations

A roundup of considerations for companies while preparing income tax provisions for the quarter ending June 30, 2021.
State tax law changes for the second quarter of 2021

State tax law changes for the second quarter of 2021

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending June 30, 2021.
Treasury extends safe harbor for renewable energy projects

Treasury extends safe harbor for renewable energy projects

Guidance extends continuity safe harbors for Investment Tax Credit and Production Tax Credit if construction began between 2016-2020.
Seventh Circuit denies butane alternative fuel mixture credit claim

Seventh Circuit denies butane alternative fuel mixture credit claim

Seventh Circuit rules U.S. Venture’s butane gasoline blend do not qualify for the alternative fuel mixture credit.
IRS extends relief for leave-based donation programs

IRS extends relief for leave-based donation programs

Notice 2021-42 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.