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If you’ve received restricted stock, you have 30 days from the grant date to file an 83(b) election with the IRS. Missing this deadline can cause major tax issues down the road, and the IRS generally will not accept late filings. Still, there are some ways to help lessen the financial impact. Failure to timely file an 83(b) election means you will be taxed at ordinary income…
For many smaller SEC filers, interim income tax provisions can be surprisingly challenging, particularly for companies with limited internal tax resources. Variances in assertion or assumptions, discrete events, changes in judgment on a valuation allowance and/or acquisition(s) are just a few items in a long list that can cause a surprising wrinkle in the interim…
The Client An academic medical center operating multiple hospitals and specialized service lines. The Situation Following a recent conversion to a new electronic health record (EHR) platform (EPIC), the health system engaged Withum to perform a comprehensive Medicare underpayment audit to validate the accuracy and completeness of prior reimbursement. Given the complexity of Medicare reimbursement…
Financial services organizations have always been early adopters of business intelligence (BI). The data volumes are large, the reporting requirements are stringent and the pressure to turn information into decisions quickly is constant. Many firms built out significant Tableau environments in the 2010s and those environments have grown in complexity ever since. Today, many of those same firms…
On June 29, 2026, Governor Gavin Newsom signed Senate Bill 122 (SB 122), the budget trailer bill for the 2026–27 fiscal year, expanding California’s sales and use tax base to include certain digital software transactions, effective January 1, 2027. Under the new legislation, California’s 7.25% statewide sales and use tax, plus any applicable local district…
IRS Chief Tax Compliance Officer Jarod Koopman recently indicated that the IRS is considering creating a portal, in light of Kwong v. United States, 178 Fed. Cl. 295 (2025), to help taxpayers who may be entitled to refunds of COVID-era interest and penalties submit and track their refund claims. The announcement comes as the IRS…
