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Gene Bowman Gene Bowman

Alabama R&D Tax Law Changes (2025): What Huntsville Businesses Need to Know

New Alabama R&D tax law changes allow many businesses to immediately deduct research and development costs, creating major tax planning opportunities. Learn how Huntsville and North Alabama companies are affected by Alabama’s break from federal R&D amortization rules starting in 2024 and continuing into 2025.

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IRS, offer in compromise Gene Bowman IRS, offer in compromise Gene Bowman

Offer in Compromise & Installment Agreements When Married

Many taxpayers owe the IRS from a prior marriage but later remarry and want to resolve their tax debt without involving their new spouse’s income or assets. Although the IRS requires full disclosure of household income on Form 433-A, its own rules protect a non-liable spouse. Under IRM 5.8.5.18, the IRS must allocate household expenses based on each spouse’s share of total household income. The IRS also excludes a spouse’s separately owned assets when evaluating an Offer in Compromise or installment agreement. This article explains how the household allocation works and how to submit a proper 433-A when married and filing separately.

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Corporate Tax, Income Tax, Business, Estate Gene Bowman Corporate Tax, Income Tax, Business, Estate Gene Bowman

Summary of the One Big Beautiful Bill’s Tax Provisions

A summary of the One Big Beautiful Bill Act that Trump signed into law on July 4, 2025. This Act includes significant tax provisions impacting individuals and businesses. This bill prevents tax increases on 62% of taxpayers due to the expiration of 2017 tax provisions and provides new tax benefits available to most Americans.

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