Health savings account benefits for employees and employers
Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
IRS releases spending plan for $80 billion IRA funds
The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
Tax Court denies bad debt deduction; advances were equity and not debt
(authored by RSM US LLP) Taxpayers intending to treat cash advances as debt for tax purpose should ensure the debt is properly documented, as illustrated by a recent ruling.
Required minimum distributions after SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
Ten quick year-end reminders for GILTI
(authored by RSM US LLP) Don’t be guilty. Year-end planning and analysis is still required for GILTI due to the ever-changing tax law.
Take action on section 174 R&E compliance
(authored by RSM US LLP) 2022 brings required capitalization and potentially hard decisions
Tax Director Authors Article for CityBusiness
Jennifer Bordes, Tax Director at LaPorte, recently authored an article on estate planning for New Orleans CityBusiness. Jennifer is the leader of LaPorte’s Estate Planning
State income tax law changes for the fourth quarter of 2022
(authored by RSM US LLP) A summary of important state and local income tax updates enacted during the quarter ending Dec. 31, 2022, which may impact the computation of current and deferred tax provisions under ASC 740.
No year-end tax package leaves businesses with unfavorable changes
(authored by RSM US LLP) Businesses must deal with several unfavorable tax changes now that Congress has not addressed key tax issues in a year-end omnibus package.
IRS issues method change procedures for sec. 174 R&E expenditures
(authored by RSM US LLP) IRS releases procedures to adopt new rules for capitalizing research & experimental and software development costs.
Schedule K 3 instructions
(authored by RSM US LLP) When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here’s how it played out.
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.