Sometimes paying a tax can be a sound planning idea.
Sometimes paying a tax can be a sound planning idea.
The final tangible property regulations include several provisions that impact how banks account for costs related to tangible property.
Accounting methods and other notable items in the second quarter update to the IRS and Treasury’s 2017-2018 Priority Guidance Plan.
Treasury official outlines areas for which guidance will soon be issued to implement the Tax Cuts and Jobs Act.
Taxpayers must not overlook acquisition dates or that qualified improvement property is 39-year property and not bonus eligible.
Pay attention to the legislative changes and other tax concerns that affect 2016 tax compliance and 2017 tax planning. Download our guide.
Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.
Speaker of the House Paul Ryan suggests that Obamacare taxes will not be touched by future tax reform, but questions continue.
The House of Representatives passed the American Health Care Act as a first step toward modifying the Affordable Care Act.
Revenue procedure 2018-14 allows payments made after Jan. 1, 2018 to be included on their 2017 tax return (including amended returns).
Rev. Proc. 2018-25 provides guidance and tables to assist in determining depreciation for passenger automobiles after tax law changes.
IRS explains why it takes a stricter view than the Tax Court on certain “reverse” exchanges of like-kind property.
Proposed regs allow mark-to-market treatment for foreign currency transactions and expand availability of Section 1.446-4 hedge treatment
Tax Court examines statue and regulation interaction to determine appropriate mine depletion rate and treatment of additive material costs.
Repair expenses for commercial rental property held to be depreciable capital expenditures due to lack of evidentiary support.
Tax Court applies 11 factor test in disallowing bad debt deduction, holding advances were capital contributions and not debt.
Recent Alibaba spinoff announcement and real estate investment trust spinoffs likely culprits of IRS’s change of heart.
Micro captive managers’ request for injunction was dismissed because court lacked subject matter jurisdiction.
The default will no longer be telephone Appeals conferences in field cases; the same cannot be said for campus cases.
Taxpayers in designated Texas counties have until Jan. 31, 2018 to file certain tax returns and make certain tax payments.
Taxpayers in designated West Virginia counties have until Nov. 30, 2017 to file certain tax returns and make certain tax payments.
IRS extends relief to additional taxpayers affected by Hurricane Harvey by adding to the list of eligible Texas counties.
An incomplete Form 8283 combined with a gross valuation misstatement resulted in a denied charitable deduction and assessment of penalties.
Tax Court upholds IRS pursuance of minority shareholders’ distributions out of insolvent corporation after corporate liabilities go unpaid.
IRS LB&I division releases directive for determining units of property and major components in the mining industry.
Recent tax reform changes to NOLs included what appears to be bad news to NOL carrybacks but favorable rules for prior year NOL carryovers.
Step-by-step guidance for victims of tax identity theft and a general overview of identity theft warning signs.
The Yahoo spinoff of its Alibaba stock questions whether the technical requirements of section 355 will be met and how the value will be maximized.
Members of our Washington National Tax office will discuss the new tangible asset regulations.
GOP tax plan would change the tax treatment of business entities.
A recent budget compromise includes fundamental changes to the way the IRS will audit partnerships and LLCs.
Our Washington National Tax team is a single resource with the knowledge and access to deliver answers that you can count on.
The plan's controversial treatment of pass-through entities and popular deductions will frame the debate over the next several months.
Join RSM leaders for a 2015 update on the tax and accounting developments, trends and policies having an impact on the real estate industry.
RSM’s Washington National Tax team will present an overview of the key provisions of the Tax Cuts and Jobs Act during this webcast.
RSM's Washington National Tax team discusses the major business, international and individual provisions of the Tax Cuts and Jobs Act.
Discover the tax legislation Congress may consider in 2015 and how it might affect your business.
Is your company ready to comply with ACA provisions that take effect in 2015? Join us to hear the latest on the ACA and Capitol Hill activity.
The IRS has proposed new rules on fee waivers. What do the rules say, what do they mean, and what uncertainties remain?
The Senate has blocked Republican efforts to modify the Affordable Care Act by voting against a health care reform bill.
Pass-throughs should review their strategy for dealing with self-employment and net investment income taxes as part of new law review.
President Donald Trump has signed the recently passed tax bill – the Tax Cuts and Jobs Act (H.R. 1) – into law.
Internal Revenue Service announces pilot of web-based virtual conference option for taxpayers in Appeals conferences.
Tax court rules that taxpayer who failed to adequately document participation was subject to 20 percent penalty on underpayment of tax.
New tax compliance measures will help cover a shortfall in the Highway Trust Fund. One measure will impact the tax return due date for many taxpayers.
Washington state enacts legislation to subject wholesalers to economic nexus standards and thresholds.
The new penalty for not buying health insurance may be unenforceable, threatening the solvency of the insurance markets. Can this problem be fixed?
President-elect Trump and the House Republicans believe that tax reform is essential. Expect tax reform to be a central focus in early 2017.
The final tax bill would reduce the tax burden on pass-through businesses using a combination of approaches taken from both bills.
House and Senate conferees have agreed on a final tax bill. If approved by both bodies, and signed by the President, it will become law.
The House and Senate conferees agreed on tax bill provisions that would largely cut taxes for domestic businesses.
Reforming the partnership audit process: a practical solution
New legislation extends many expired tax breaks permanently for two or more years.
The tax bill conferees have agreed on a final proposal that would make major changes to the taxation of foreign business operations.
A statement issued by government leaders on tax reform provides little new insight except that border adjustability is off the table.
An analysis of moving from pass-through to C corporation must consider the implications of conversion on the owner’s estate planning.
The new tax law has many changes that will require employers to reconsider some of their compensation and benefit policies.
Starting in 2015, companies with at least 50 full-time or full-time equivalent employees may face tax penalties if they do not comply with new ...
Regulations submitted but not published in the Federal Register are to be withdrawn; published but not yet effective regulations are delayed.
Our Washington National Tax team brings years of experience with accounting firms, private industry and government agencies, deepened from serving ...
A review of significant state tax legislative changes critical to your business.
Attend this RSM webcast on Sept. 26 for a review of significant state tax legislative changes critical to your business.
Key topics discussed include compensation and benefits updates, including health care reform, 401(k) participant fee litigation and adding ...
Learn about current tax topics and the potential impact on your company.
The IRS is changing the way it does business. Learn how these changes will impact your IRS examination, Appeals experience, and other tax matters.
Washington National Tax Partner Tom Windram provides insight on the new excise tax on the sale of taxable medical devices.
Learn how changes to state and local tax policies will impact your internet sales, 2015 filings and other tax matters.
Join Washington National Tax professionals Bob Adams and Patti Burquest for the first in a four-part tax controversy web seminar series.
Overview the American Taxpayer Relief Act of 2012, including how the steps taken to avoid the so-called fiscal cliff may impact businesses and ...
Join us for a webcast highlighting President Obama's 2013 budget proposal and other updates impacting taxpayers.
The research credit is an issue that is often contentious and time consuming during an IRS examination. Join our tax controversy team to hear about...
Join our Washington National Tax practice as we host IRS representative Tom Brandt for discussions on two important tax topics.
Join us on Nov. 16 for the Washington National Tax year-end webcast: Tax considerations you need to know for year-end planning.
Join our Washington National Tax professionals for a webcast addressing tax saving opportunities that may help your cash flow while complying with ...
Washington National Tax specialists describe trends and developments that may affect the taxation of LLCs, partnerships, S corps, and their owners.
Join us for a webcast on best practices for managing international tax controversies.
Join us on Nov. 16 as our panel focuses on important tax considerations you need to know to prepare for year-end planning.
Pressing federal, international and state and local tax considerations you need to understand for your 2015 tax planning and compliance.
Attend this webcast to learn about tax considerations designed to help companies make informed decisions related to year-end tax planning.
McGladrey LLP is pleased to announce that David Kautter has joined McGladrey as partner in charge, Washington National Tax
U.S. persons must file the FBAR to disclose any foreign account with a balance in excess of $10,000 in which they have a financial interest. The ...
The Sixth Circuit Court of Appeals recently overruled the Tax Court and ruled against the IRS to allow a taxpayer to own a Domestic International ...
Staff members from the House Ways and Means Committee recently spoke about international tax reform at an event sponsored by the Tax Section of the...
Businesses across the country, and no doubt around the world, are watching the upcoming U.S. election very closely. Despite the personal attacks ...
Taxpayer Advocate identifies budget concerns, antiquated technology, poor customer service and other problems facing IRS.
The IRS proposed new regulations for partnership audits that will allow tiered entities to use the “push-out” method.
Tax reform discussions continue despite the ongoing efforts to find consensus on a repeal or replacement of the Affordable Care Act.
Proposal would eliminate documentation rules not yet effective, consistent with recommendation of prior Treasury report.
The U.S. Supreme Court will decide if inherited IRA accounts are protected “retirement funds” under the Bankruptcy Code’s definition of exempt ...
To battle tax-related identity theft, the IRS has revoked the ability to request automatic extensions to file Forms W-2 effective July 1, 2016.
Camp draft unveils a blueprint for extensive tax reform and, although not expected to be enacted, may lead the way for more conversations on tax ...
The debt ceiling has been raised, eliminating the threat of a default on the federal government’s obligations over the next 12 months or so.
The IRS is sending notices to taxpayers that were affected by the recent hacking of the IRS Get Transcript application.
FinCEN enhances identification requirements for customers cashing federal tax refund checks in South Florida.
The IRS recently released a directive providing guidance with respect to examinations of costs incurred to repair or improve cable network assets.
The due date to report 2016 calendar year FBARs changes to April 15 along with a six-month extension to file.
The tax proposals in the president’s fiscal 2015 budget would raise revenue through higher taxes on many businesses and individuals.
In light of the decision in Quality Stores, taxpayers should continue to withhold and pay FICA tax on severance payments. Refund claims will be ...
Recent comments from congressional staffers provide reason for optimism with respect to timing of addressing tax extenders.
Enactment of the recently introduced Wyden-Coats tax reform bill would lead to significant changes for business and individual taxpayers.
A new provision regarding carried interest is expected to be included in a manager’s amendment to the Tax Cuts and Job Act.
New Chairman’s amendment to the House tax reform bill extends the carried interest holding period to three years, among other changes.
New House Bill amendment modifies reduced pass-through rate and base erosion rules, and keeps current SE and deferred compensation rules.
The comprehensive Camp tax reform proposal will likely become the baseline for future tax reform discussions.
House and Senate are close to agreement on final aspects of proposed tax legislation, making enactment this year highly likely.
Middle market companies should be aware of the debates over business tax reform and how middle market companies could be affected.
The Senate Finance Committee released the statutory language of its tax reform proposal revealing additional information on the proposal.
The House passes its tax bill. Senate Finance passes its version. But opposition and new issues are emerging in the full Senate.
After making several significant changes, the Senate passed its version of tax reform. House and Senate versions must now be reconciled.
The House and Senate must compromise their competing views on tax reform. Here are the major issues in dispute.
House Republicans delay release of tax reform bill by one day. Bill now expected to be released on November 2, 2017.
House Republicans have released their much anticipated tax bill, providing key insights into the details of their tax reform plan.
House and Senate proposals to reduce taxes on pass-through income differ dramatically. Here are some illustrations.
House Republicans unveiled additional information on their tax reform plan, but more details and changes are still expected.
The Joint Committee on Taxation has released a comparison of the final House and Senate tax bills to help the conferees.
A new tax reform plan was announced by the White House and House Republicans, including rate cuts and limitations on deductions.
Some statistics are worth a thousand words. Here is what the official revenue estimates reveal about the competing tax reform proposals.
Comments on recent proposed regulations dealing with "fee waivers" focus on whether partners in a partnership may also serve as employees of the ...
RSM recently provided commentary to the IRS and Treasury on the issue of whether partners can be treated as employees.
Dave Kautter joins Congressional members, staff and panelists to discuss the impact of tax and trade policies on middle-market growth.
Senate Committee on Finance released a summary of their tax reform bill which does not include final amendments added during floor debate.
Senate tax reform bill may curb ‘active’ investors’, including real estate professionals, ability to deduct losses against ‘active’ income.
Senate Republicans propose to liberalize their pass-through tax proposal, helping middle-income professionals and service businesses.
Even if tax reform comes to pass, it may not have the positive effects on economic growth and tax simplification that many hope for.
Expect tax reform to be a central focus of the new Congress and new administration in early 2017. Here is a look at what could be coming.
The Senate Committee on Finance unveiled its own proposals for Tax Reform with a JCT revenue estimate a week after the House proposal.
While the process is notoriously fluid and unpredictable, it appears it will likely be late 2017 before we have tax reform legislation.
Treasury releases second report to President recommending specific action to reduce or mitigate burden of previously identified regulations.
Newly announced proposal draws heavily on President Trump’s campaign proposals; many critical details are not addressed.
This week, the House tax committee begins to analyze, criticize and amend draft tax reform legislation, as the Senate watches.
RSM tax professionals provide insights into current tax issues and opportunities impacting taxpayers.