What to Expect from Biden’s Tax Policy
The last week has been intense from a political perspective, and we are still in limbo from a tax planning perspective. Usually when we are
IRS issues final regulations for sales of partnership interests
(authored by RSM US LLP) Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.
2020 state and local tax legislative recap
(authored by RSM US LLP) State tax planning opportunities to consider in light of COVID-19, the resulting economic crisis and evolving tax laws and regulations.
SBA publishes loan necessity questionnaire for PPP borrowers
(authored by RSM US LLP) Borrowers (and affiliates) that have PPP Loans of $2 million or greater should be prepared to provide additional information to SBA.
IRS releases 2021 retirement plan limitations
(authored by RSM US LLP) Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
The Real Economy: Industry Outlook
(authored by RSM US LLP) Get data-driven economic insights and outlooks on a variety of middle market industries provided by RSM US LLP senior analysts.
2020 year end tax considerations for businesses
(authored by RSM US LLP) Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
IRS issues final regulations on meals and entertainment deductions
(authored by RSM US LLP) The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
Certain M&A transaction costs to receive renewed IRS scrutiny
(authored by RSM US LLP) IRS to focus on taxpayer compliance with the documentation requirement to allocate and deduct success-based fees.
Conquering COVID-19 family office challenges and seizing opportunities
(authored by RSM US LLP) Insights for family offices on investment and tax strategies, risk management, and operational considerations in the face of the pandemic.
Treasury issues skinny guidance on employee payroll tax deferral
(authored by RSM US LLP) Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.
