Schedules K-2 and K-3 draft instructions for tax year 2022
(authored by RSM US LLP) Pass-through entities and partners alike should understand the compliance changes associated with the IRS’s recent release of updated draft Schedules K-2 and K-3.
2022 Year-End Tax Considerations
2022 brought legislative changes and other tax concerns that may affect year-end planning. Whether you are planning for a business or for your family, there
Business tax considerations amid economic headwinds
(authored by RSM US LLP) Tax considerations to help your business fight economic factors that could lead to a recession.
IRS releases required minimum distribution (RMD) guidance
(authored by RSM US LLP) Notice 2022-53 announced the IRS’s intent to publish final regulations addressing required minimum distributions (RMDs) from certain plans.
Applying the percentage of completion method in M&A transactions
(authored by RSM US LLP) The tax treatment of contracts using the percentage of completion method in M&A transactions from the buyer and seller side.
IRS releases 2023 tax inflation adjustments
(authored by RSM US LLP) IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
RSM submits comment letter on section 163(j) business interest expense law
(authored by RSM US LLP) RSM submits comment letter on section 163(j) business interest expense law
One year extension of research credit transition period
(authored by RSM US LLP) IRS R&D credit refund claim transition period extended one year.
State income tax law changes for the third quarter of 2022
(authored by RSM US LLP) A summary of important state and local income tax updates enacted during the quarter ending Sept. 30, 2022, which may impact the computation of current and deferred tax provisions under ASC 740.
ASC 740 Q3 2022 provision considerations
(authored by RSM US LLP) A roundup of global income tax considerations and changes in tax law for corporations preparing income tax provisions under ASC 740 for the third quarter of 2022.
More tax changes coming? Midterm elections may hold the answer
(authored by RSM US LLP) Results of the midterm elections will determine the tax policy outlook for the remainder of 2022, including an extenders package.
Taxes and the Inflation Reduction Act: What middle market businesses should know
(authored by RSM US LLP) Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.