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Tax framework agreement sets direction for potential business and individual tax relief

By RSM US LLP | January 19, 2024

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

By RSM US LLP | January 12, 2024

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

By RSM US LLP | December 22, 2023

IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.

IRS delays implementation of lower $600 reporting threshold for 1099-K

By RSM US LLP | November 29, 2023

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

By RSM US LLP | November 13, 2023

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

By RSM US LLP | November 3, 2023

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

By RSM US LLP | October 19, 2023

IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.

What to do if you filed an employee retention credit claim with the IRS

By RSM US LLP | September 19, 2023

ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?

IRS halts employee retention credit processing

By RSM US LLP | September 15, 2023

The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.

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