Partnership tax filing checklist: More data requests, audits and complexity
Partnerships in tax year 2023 face new reporting requirements, detailed information demands and a sharp increase in the IRS' enforcement efforts.
Search Results
Inflation expectations remain remarkably well anchored
The inflation shock of the past three years is abating. One reason is that expectations of future inflation continue to remain remarkably well anchored.
The IRS urges businesses to review ERC claims for 7 common red flags
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
Navigating the complex landscape of artificial intelligence adoption
Artificial intelligence (AI) has rapidly become a key element of business strategies. But what are the risks companies need to consider?
Retirement plan audit and contribution considerations
The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans.
Tax relief bill passes House, faces uncertain fate in Senate
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
Tax framework agreement sets direction for potential business and individual tax relief
Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
The art of the practical: Adopting AI in a responsible way
Insights and best practices on how to navigate the intricate AI environment and drive enhanced growth and efficiency.
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
Fed signals end of rate hikes and projects cuts in 2024
The Federal Reserve signaled at its meeting on Wednesday that it is done raising its policy rate and is poised to reduce it by 75 basis points next year to support the expanding economy.
IRS delays implementation of lower $600 reporting threshold for 1099-K
New IRS notice 1099-K for small vendors will be subject to existing requirements for TY 2023, followed by a phased-in approach.
IRS Releases 2024 tax inflation adjustments
IRS releases inflation adjustments for 2024. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
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.
IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
Year-end tax planning guide for individuals
RSM's 2023 year-end tax planning guide for individuals and business owners.