Andersen Global enters into a Collaboration Agreement with JMP Advisors in India, adding tax capabilities to its existing legal capabilities in the country.

The Research and Development Tax Credit (R&D Tax Credit) under Sec. 41 of the Internal Revenue Code is a federal tax incentive available to companies that perform qualified research activities in the United States. While often associated with technology and life sciences companies, the credit is available across a broad range of industries and may apply to activities focused on improving products, processes, software, manufacturing methods, or operational capabilities.

Fractional aircraft ownership can be an attractive alternative to whole aircraft ownership for business owners, family offices, and executives who need reliable access to private aviation without assuming the full operational burden of owning and managing an aircraft. A fractional interest may also provide meaningful tax benefits, including potential 100% bonus depreciation under the One Big Beautiful Bill Act (OBBBA) when the applicable requirements are met.

Pamela Grewal, a Managing Director with Andersen’s Federal Tax Controversy practice, is presenting at the 13th Annual IRS Representation Conference at Foxwoods Hotel & Casino in Mashantucket, Connecticut, and via webcast on July 15-17. Pamela is a panelist for the July 16 session, Ethics: Advising Clients for Penalty Protection and Return Positions, Including a Discussion on Privileges in Tax Transactions.

It has been close to a year since the enactment of the One Big Beautiful Bill Act (OBBBA), with key provisions already in effect for tax year 2025 and additional changes that begin to apply in tax year 2026. Ongoing guidance from the Treasury Department and IRS is beginning to clarify how taxpayers can access OBBBA’s benefits.

Clarissa Cole, a Managing Director with Andersen’s US National Tax practice specializing in tax issues related to U.S. and foreign individual taxpayers; and Benjamin Spilka, a Director with Andersen’s Global Mobility practice are featured speakers for the webcast Trump Gold and Platinum Card Considerations for Startups, Tech Talent, and High-Net-Worth Individuals on June 23, 2026, at 10 am PT, 12 pm CT, and 1 pm ET.

Flying private can offer greater flexibility, convenience, and access — but the landscape is complex. High-net-worth individuals, business owners, and their advisors should understand the different access models, the costs and trade-offs involved, and the tax considerations that may come with private aircraft ownership or use.

Several members of Andersen will be presenting at the 18th Annual New York University (NYU) Tax Controversy Forum on June 25-26, at the Westin New York at Times Square.

California Governor Gavin Newsom’s May Revision to the Fiscal Year 2026-27 budget proposes a significant expansion of the state’s sales and use tax base by applying tax to digital prewritten software, including electronically delivered software and Software-as-a-Service (SaaS). If enacted, the proposal would take effect January 1, 2027, and would apply regardless of how the software is delivered to the purchaser, including by physical media, download, or remote access through the internet.