BackgroundIn 2021, Congress enacted the Corporate Transparency Act (CTA) which requires enhanced reporting of beneficial ownership in reporting companies. Most businesses will be subject to…
(authored by RSM US LLP) IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns…
(authored by RSM US LLP) As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance.
(authored by RSM US LLP) Notice 2024-12 clarifies rules regarding research performed under a contract while Rev. Proc. 2024-9 updates guidance on accounting method changes.
(authored by RSM US LLP) IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
(authored by RSM US LLP) The Supreme Court’s ruling in Moore v. United States could reshape Congress’ authorization to tax income.
The Internal Revenue Service announced that individuals and businesses affected by seawater intrusion in parts of Louisiana now have until Feb. 15, 2024, to file…
(authored by RSM US LLP) Final regulations expand IRS e-filing requirements issued with most changes effective for returns due to be filed in 2024. Filers…
(authored by RSM US LLP) FinCen’s new FAQs aim to clarify beneficial ownership information reporting requirements
(authored by RSM US LLP) ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim…