How individuals and families can plan for tax changes under Trump in 2025
(authored by RSM US LLP) How individuals and families can prepare for potential tax changes in 2025 under the new Trump administration and unified Republican Congress.
IRS releases 2025 retirement and fringe benefit plan limitations
(authored by RSM US LLP) Cost-of-living adjustments to retirement and fringe benefit plan limits for 2025 have been published by the IRS.
5 key IRS audit triggers and how partnerships can minimize their risk
(authored by RSM US LLP) Explore five critical IRS audit triggers for partnerships and discover strategies to stay compliant and minimize tax risks.
5 key IRS audit triggers and how wealthy individuals can minimize their risk
(authored by RSM US LLP) Discover five key IRS audit triggers for high-net-worth individuals. Learn how to navigate scrutiny and avoid common tax risks.
5 key IRS audit triggers and how corporations can minimize their risk
(authored by RSM US LLP) Identify key IRS audit triggers for corporations and learn how to stay compliant and avoid costly penalties.
FinCEN announces four extensions
The Financial Crimes Enforcement Network (FinCEN) has announced the issuance of four notices extending the deadline for filing Reports of Foreign Bank and Financial Accounts
IRS Offers Tax Relief for Victims of Tropical Storm Francine
The IRS has announced that it is offering tax relief for individuals and businesses in the entire state of Louisiana that were affected by Tropical
IRS announces second ERC Voluntary Disclosure Program, ERC updates & warnings
(authored by RSM US LLP) Second Employee Retention Credit Voluntary Disclosure program and other ERC updates.
Kamala Harris’ economic agenda sheds some light on her tax policy priorities
(authored by RSM US LLP) Vice President Kamala Harris announced several tax proposals in an economic agenda that illuminates some of her tax policy priorities.
IRS Offers New Extension Date to Victims of Hurricane Beryl
The IRS has announced that it is offering tax relief for individuals and businesses in 67 Texas counties that were affected by Hurricane Beryl earlier
Estate planning Q&A: Spousal Lifetime Access Trusts explained
(authored by RSM US LLP) Reduce estate taxes? Consider a SLAT to maintain spouse’s financial security.
IRS announces new phase of ERC Processing
(authored by RSM US LLP) The IRS is entering a new stage of Employee Retention Credit claim processing. The September 2023 moratorium continues, and claims filed before then are being slowly processed.