IRS releases guidance on Roth catch-up contributions under SECURE 2.0
(authored by RSM US LLP) Notice 2023-62 provides an administrative transition period for Roth catch-up contributions to high-income individuals.
Compensation-related tax risks when cashing out employee shareholders
(authored by RSM US LLP) How is an isolated share sale impacted by a section 409A valuation?
Safeguard your legacy by avoiding these 8 estate planning pitfalls
(authored by RSM US LLP) Estate planning tips to help you avoid common pitfalls and safeguard your wealth and legacy.
Tax complexities don’t have to offset the benefits of open-end real estate funds
(authored by RSM US LLP) Explaining the tax complexities associated with open-end real estate funds and how advanced digital applications can handle them.
Private foundation do’s and don’ts: Common self-dealing issues
(authored by RSM US LLP) Private foundations generally may not engage in transactions with disqualified persons, even under terms that are favorable to the private foundation.
IRS clarifies employee retention credit guidance
(authored by RSM US LLP) IRS guidance addresses full or partial suspensions of operations due to supply chain disruption for ERTC and erroneous ERTC refunds.
IRS provides guidance for required minimum distributions for SECURE 2.0 Act
(authored by RSM US LLP) Notice 2023-54 provides transition relief and guidance relating to certain required minimum distributions based on SECURE 2.0 changes.
ACO not entitled to exemption under section 501(c)(4)
(authored by RSM US LLP) The U.S. Tax Court affirmed the IRS’s denial of section 501(c)(4) status to an ACO engaged in commercial shared savings programs.
Reconsidering Pass-Through Entity Tax Elections
Many states have enacted legislation to allow partnerships and S corporations to elect to have their income taxed at the entity level. This change was
FinCen releases FAQs to clarify Beneficial Ownership Information (BOI) reporting
(authored by RSM US LLP) FinCen’s new FAQs aim to clarify beneficial ownership information reporting requirements
FAQ: Capitalization and amortization of R&D costs under new section 174 rules
(authored by RSM US LLP) See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
M&A considerations resulting from the new required tax treatment of R&D costs
(authored by RSM US LLP) New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.