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…
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.
New requirements to capitalize and amortize R&D costs are affecting M&A buyers by introducing costs and tax liabilities.
New rules for EV credit reduce the number of eligible models after Apr. 17, 2023. The list of eligible models is likely to grow.
Micro-captive insurance transactions are reportable transactions under Treasury’s new Proposed Regulations, which obsolete Notice 2016-66.
Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
(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…
(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…
(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.