Dallas, Texas, December 2015 – Recently, President Obama signed into law the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).  This Act extends and modifies numerous provisions that previously expired, and makes many of them permanent.  The changes to the law include: The Research & Development credit (made permanent, and made creditable against […]

Dallas, Texas, December 2015 – Recently, the IRS announced a significant change to the de minimis threshold under the Tangible Property Regulations that went into effect during 2014.  Under the original rule, taxpayers could elect to currently deduct expenses for the purchase of tangible property that would otherwise have to be capitalized, as long as […]