Ideas & Insights

Sweeping changes are coming. Don’t let required capitalization of research expenditures wreak havoc on your tax return.

Privately held C corporations may be able to maximize gain exclusions and unlock a lower corporate tax rate through section 1202.

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.

Learn why the IRS is increasing its scrutiny on high net worth athletes and entertainers, and what can be done before an audit.

The CARES Act enacted a temporary suspension of the TCJA’s 80% limitation on the use of NOLs, this will impact FTC and ODL calculations.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

Former Vice President Joe Biden’s tax plan features significant changes. Rates seem likely to rise, even if President Trump wins re-election

Advisor must document amounts used to “investigate” an actual buy or sell – a study may make sense if amounts are substantial.

In early September, Mexico released a proposed tax reform package with significant changes in the country’s international tax regime.

The global economy has decelerated over the past two years as an uncertainty tax continues to damp overall economic activity.

Notwithstanding unfavorable changes to the Code, capital gain treatment is still available on the sale of patents in certain scenarios.

Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.

Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.

A business guide to tax considerations for 2019 to help make informed decisions after the Tax Cuts and Jobs Act.

A robust look at several significant international provisions for foreign-derived intangible income, also referred to as section 250.

Recent activity among state and local gross receipts taxes may signify that a historic approach to taxation is ready to be a new trend.

The introduction of the services cost method concept to the Base Erosion Anti-Abuse Tax (BEAT) is a welcome benefit to some taxpayers.

Final regulations issued in late June 2019 on GILTI inclusion could have a considerably differently impact on PE and VC fund structures.

Budget bills address pass-through entity tax, sales tax base and nexus changes, tax credits and reporting obligations.

The California fiscal year 2020 budget addresses TCJA conformity and other new and amended state tax provisions.

For private equity firms, it is important to take a step back and evaluate what tax structure will be the most beneficial in the long-run.

Budget bills address pass-through entity tax, sales tax base and nexus changes, tax credits and reporting obligations.

The 2019 legislature passed several tax changes, issued marketplace facilitator rules and provided additional credits and incentives.

Favorable estate planning rules in place to 2026 would be less so in 2021 under some Democrats’ proposals. Time to consider the what ifs?

Changes to the international tax system will require U.S. taxpayers to navigate important foreign tax credit transition rules.

Kentucky addresses IRC conformity, amends various income tax provisions and enacts marketplace provider nexus.

Intersection of GILTI rules and business interest expense limitation rules creates opportunity to characterize interest expense.

Understanding the impact GILTI will have on your multinational organization may maximize tax planning opportunities and minimize risk.

Carefully consider international blockchain enterprise structuring in light of the Tax Cuts and Jobs Act (TCJA)

Legislation would have addressed various tax reform provisions, conformity, and remote seller sales tax nexus.

Double tax on dividends received by United States shareholders from foreign corporations addressed via TJCA through section 962.

Legislation relating to the Base Erosion and Profit Shifting (BEPS) Action Items has resulted in expanded tax due diligence engagements.

Recently issued proposed regulations provide election that may allow multinational businesses to increase their interest deduction.

RSM and the US Chamber of Commerce present key areas of the Tax Cuts and Jobs Act to help businesses understand the impact.

Read to learn about new tax guidance that could affect the private club industry and how clubs can minimize liability.

The final regulations make a number of important substantive changes, some favorable to taxpayers and some unfavorable.

Understanding pass-through deductions is key for PE dealmakers. Insights and answers from experts on how the deduction impacts deal making.

Complexity of the Tax Cuts and Jobs Act and technology delays at the IRS may force taxpayers to extend filings.

Insights on the importance of staying up-to-date on tax law changes that could influence investments decisions and could impact the industry

Opportunity zones could be beneficial for both commercial real estate professionals and the communities they invest in.

Highlights summarizing why contractors that have entered into primarily operating leases will be most affected by the new lease guidance.

The supplemental budget bill addresses the inclusion of global intangible low-taxed income for personal and corporate income tax purposes.

The proposed regulations address many concerns around qualified opportunity zones but questions remain to be addressed in further guidance.

For real estate investors and businesses, the final tax reform bill makes several significant changes compared to prior law.

A business guide to tax considerations for 2018 and beyond to help the middle market make smart, informed decisions.

Understand the critical legislative updates and changes from 2018 affecting state and local tax planning and compliance.

Comments seek clarification on the definition of a dealer in securities as it applies to lenders, both direct and indirect.

Payroll tax aimed at offsetting state and local tax deduction cap for individuals begins to take shape; election required for 2019.

How tax laws affect a company’s growth and cash flow depends on management’s priorities. The key is investing for the long term.

RSM’s report examines how companies are investing in their businesses. In a deeper dive, we explore what manufacturers are considering.

This article addresses the intersection of the U.S. tax code as applied to houses, boats, and now fractional boat memberships.

The IRS recently released Notice 2018-67 which provides provisional guidance on the application section 512(a)(6).

Taxpayers need to consider the tax benefits (deferral and possible exclusion) of investing realized gains in opportunity zone funds.

Confirming the view of many tax advisors, regulations will confirm deductibility of expenses incurred by estates and non-grantor trusts.

The following is a list of frequently asked questions and answers about how the new tax law will impact real estate investors.

Potential tax increase for exempt organizations hidden in the TCJA as part of the corporate tax cut.

Estate planning strategies to help minimize future estate, gift and generation-skipping taxes for estates in excess of the exemption.

Exempt corporations with a fiscal year end will be subject to a blended federal tax rate for their fiscal year ending in 2018.

Read RSM's Ramon Camacho and Ayana Martinez interview with BEPS Global Currents regarding the Tax Cuts and Jobs Act and OECD BEPS project.

The middle market pulse in the wake of tax reform is cautious on capital expenditures and optimistic on growth. Learn more.

Corporations anticipating the refundable alternative minimum tax credit may find their refund limited by sequestration.

Business owners need to consider the impact tax reform has on the benefits of retirement plan contributions.

Taxpayers who have already filed a 2017 tax return and included the section 965 amounts should amend their return.

IRS issues significant last minute 2017 income tax payment guidance affecting taxpayers subject to the section 965 repatriation tax.

Lead tax professionals from RSM US LLP break down what the new U.S. tax plan will mean for your bottom line and how it will affect investors

Companies should review the tax treatment of their M&E expenses to comply with the changes of expenses to 0%, 50% and 100% deductible.

With all the attention given to cryptocurrencies, it’s time to take a look at what the potential tax implications may be for 2017 taxes.

Life sciences companies making payments to related foreign parties should be aware of how to determine the gross receipts calculation.

Get answers to frequently asked questions about the tax deferral opportunity on qualified equity grants for private companies.

The recent passage of comprehensive federal tax reform has taxpayers evaluating the impact of the new rules on their current tax positions.

As filing dates come closer and state legislative responses stall, more states are providing guidance on conformity to section 965.

Increasing wages to maximize 20 percent pass-through deduction must be reconciled with reasonable compensation rules.

An S-corporation opting to change to a C-corporation, may need to change certain accounting methods, requiring a section 481(a) adjustment.

With the first major tax code reform since 1986 now law, businesses and individuals are looking to understand the changes.

Learn how the recent tax reform affects executives, founders and general partners of alternative investment fund structures.

Along with the new laws for unrelated business income tax, there are added provisions for organizations formed as trusts for tax purposes

As the tax reform provisions roll out, deal teams have additional tax attribute facets to consider when acquiring or exiting an investment.

Taxpayers taking the new 20 percent deduction for pass-throughs and other non-corps may not reap any benefit for state tax obligations.

An article with information about interagency guidance issued by banking regulators related to the Tax Cuts and Jobs Act.

Mobility professionals should consider these four important tax reform changes and the cost impact of the new law on their businesses.

A summary of the FASB’s decisions on Jan. 10, 2018 on various income tax accounting issues arising from the Tax Cuts and Jobs Act.

Taxpayers with international activities will quickly realize that tax reform has taken the complex world of international taxation and added ...

Thousands of small and middle-market businesses may see unexpectedly large tax cuts as a result of the Tax Cuts and Jobs Act.

With the passage of federal tax reform, both business and personal income taxpayers will need to consider how the federal changes will affect state...

The IRS and the U.S. Department of the Treasury have released Notice 2017-73, outlining proposed guidance on donor advised funds.

Economic data point to an acceleration driven by solid consumer spending and improvement in outlays on capital expenditures.

As new tax bills are proposed and debated, U.S. companies may want to explore the effect on their expatriate workforce, particularly with respect ...

Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.

Federal tax reform is a major talking point in the new administration; how and when that reform is enacted could dictate state responses.

Boards should prepare for a range of options as it relates to tax reform to be prepared to take action, regardless of what changes come.

Contending with several quarters of weak growth in overall state tax collections, between 25 and 40 states are facing revenue shortfalls. The ...

The proposed border adjustment tax and corporate tax reform would be the most sweeping change to the tax code since 1986.

Doing business overseas may trigger unexpected tax consequences, but careful planning can help mitigate the tax bite.

Understanding the impact GILTI will have on your organization may maximize planning opportunities and minimize risk.