IRS Offers New Extension Date to Victims of Hurricane Ida
The IRS has extended the deadline to file various individual and business tax returns and to make tax payments for victims of Hurricane Ida. The
Proposed amendments to section 1202: Effect on federal tax liability
(authored by RSM US LLP) Under the BBB Act, only the 50% gain exclusion would be available to taxpayers that sell QSBS. How would this affect their tax liability?
Approaching deadline for COVID-19-related cafeteria plan amendments
(authored by RSM US LLP) By Dec. 31, 2021, any employer that made COVID-19-related changes to the operation of its cafeteria plan must adopt formal amendments.
Estate and Gift Taxes: Trying to Predict the Future
As Congress continues to negotiate the Build Back Better Act (BBBA) and changes to estate and gift tax provisions are being considered, many Americans are
Tax policy impacts on high-income individuals
(authored by RSM US LLP) Explore the potential impacts of House-proposed tax changes on wealthy and high-income individuals and strategies to lessen the effects.
Operating nonqualified deferred compensation plans FAQs for employers
(authored by RSM US LLP) Throughout a plan’s life cycle, employers should consider whether their plans remain compliant and aligned with the organization’s goals.
House Ways and Means releases reconciliation tax payfors
(authored by RSM US LLP) House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Louisiana: Road to Recovery (Update 9/14/21)
Our thoughts and prayers are with our clients, friends, employees, and all members of our communities impacted by Hurricane Ida. Our Louisiana offices in Covington,
Building a successful family office: Top 10 questions to answer
(authored by RSM US LLP) The life cycle of a successful family office begins with family objectives, investments, technology systems and more.
Updates to SBA’s PPP loan FAQ for borrowers and lenders
(authored by RSM US LLP) We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
IRS enhances employee retention credit guidance for open questions
(authored by RSM US LLP) Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
SBA formally withdraws loan necessity questionnaire
(authored by RSM US LLP) Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.