The Future of the SALT Cap: Ways You Can Prepare Now for Potential Scenarios
The SALT deduction’s future is uncertain ahead of its scheduled sunset at the end of 2025. Here’s how taxpayers can prepare for potential outcomes.
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California Suspends NOLs and Caps Credit Usage for Three Years
California’s FY25 budget includes billions from limiting net operating losses and tax credits, as well as the reversal of the Microsoft decision.
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IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
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Revenue recognition for franchisors
In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
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What does SECURE 2.0 mean for small employers?
SECURE 2.0 changes retirement plan rules for small employers with 100 or fewer employees.
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What Is an S-Corp Election?
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
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IRS Grants Failure to File Penalty Relief for 2019 and 2020 Returns
Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to…
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The Price of War: Risks Around the Inflation Outlook
While we expect the annual inflation rate to peak this quarter as comparisons to the lower…
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Congress Open to Considering a Pause on Automated Tax Notices
National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
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Tax Policy Update: How the Build Back Better Act Affects Individuals
RSM’s policy and national tax teams give insight on how the Build Back Better Act will affect family offices and higher income individuals.
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Year-End Tax Planning for Businesses
Crystal Knepler Named One of the 2019 40 Under 40
Required Reporting on Cooperative Commissions in Real Estate Transactions
Expanded Sec. 152 for Dependents
IRS Sends Warning Letter to Cryptocurrency Users About Reporting