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Ideas & Insights

 



Insight Article

California enacts SALT cap workaround

The entity-level tax election is effective for tax years beginning on or after Jan. 1, 2021 and ending before Jan. 1, 2026.

  • Tatlonghari, Craig
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Insight Article

Arizona flat tax gets new lease on life

Arizona budget proposals reduce rates, keep the flat tax alive for future years, and provide a rate cap for high earners.

  • Kirkell, Brian
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Insight Article

New Jersey officials strike budget deal

New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.

  • Brunori , David
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Insight Article

Tax-free student loan payments

COVID-19 legislation permits taxpayers to provide tax-free payments for certain student loan payments through 2025.

  • Bushman, Anne
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Insight Article

Taxable REIT Subsidiaries: Q&A Primer

Learn more about how a taxable REIT subsidiary was created to perform activities that cannot be performed directly by the REIT.

  • Luksis, John
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Insight Article

Winning as a seller in a frenzied M&A market

Sellers are able to command top dollar if they go into the sales process ready to hit the ground running which includes tax preparation.

  • Wiskus, Jennifer
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Insight Article

2021 Saver’s Credit

Individuals may be eligible for a valuable incentive to reduce federal income tax liability for contributing to a 401(k) plan.




Insight Article

Chapter 11 Bankruptcy and IRS Form 8937

A single-debtor Chapter 11 reorganization, may trigger a Form 8937 filing requirement for the reorganized company. Learn more about it.

  • Barton, Michael
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Insight Article

Plan documents: Save or purge?

What many ERISA plan sponsors consider “reasonable” fiduciary responsibility for plan document retention may not comply with IRS rules.



Insight Article

VAT and customs: Benefiting from Brexit

Now that we are post-Brexit and new rules have been released, companies must quickly move from planning to execution stage.

  • Butler, Steve
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Insight Article

President Biden's tax plan

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

  • Wood, Christian
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Insight Article

Nexus in a post-Wayfair world

Business and professional services providers should consider whether sales tax collection is necessary in the wake of the Wayfair decision.

  • Blaze, Tom
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Insight Article

Beware of traps with paid time off policies

Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.

  • Bushman, Anne
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Article

Never going back

Companies contemplating a remote workforce should monitor the potential tax changes in states where employees may live and work.

  • Bell-Jacobs, Mo
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Insight Article

The 2020 checklist

Real estate investors are ready to close the books on 2020. Here are 10 smart moves for real estate investors to consider at year’s end.

  • Andiorio, Kelly
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Article

Technology, taxation and representation

RSM and PERE magazine discuss how technology is transforming real estate investors’ abilities to scenario plan and evaluate tax obligations.

  • Collins, Brad
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Insight Article

Policy snapshot: Family offices

Now that Democrats’ best-case scenario in the Senate is a 50-50 split, it is safe to expect significant challenges to tax policy changes.


Insight Article

Tax Summit Week 2020 Covered Ground

A recap of presentations, top questions and highlights from virtual sessions held at the 2020 RSM annual tax summit.






Insight Article

2020 state and local tax legislative recap

State tax planning opportunities to consider in light of COVID-19, the resulting economic crisis and evolving tax laws and regulations.

  • Bell-Jacobs, Mo
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Article

Unified loss rules

Learn how the U.S. Consolidated Return Unified Loss Rules affect mergers and acquisitions and how taxpayers can benefit from some elections.

  • Barton, Michael
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Insight Article

US companies doing business in Canada

Taxpayers may not be aware that their business activities with Canada may give rise to a reporting requirement, or even a tax liability.

  • Camacho, Ramon
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Insight Article

State tax changes are coming: Be prepared

Tax law and policy changes may increase state and local taxes for many businesses as states look to make up pandemic shortfalls.

  • Kirkell, Brian
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Insight Article

IRS transcripts

IRS tax transcripts can be a valuable tool for helping to resolve various tax issues promptly and effectively.

  • Solodchikova, Alina
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Insight Article

Transfer pricing turmoil

Careful attention to transfer pricing policies can help middle market companies identify opportunities in the current market turbulence.

  • Kim, John
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Insight Article

Law firms, coronavirus and state taxes

Law firms and professional services businesses are experiencing challenges with the COVID-19 pandemic, creating state and local tax issues.

  • Blaze, Tom
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Insight Article

Financially distressed company tax issues

During a debt workout or restructuring, it is critical that businesses evaluate their restructuring options and the related tax impact.

  • Gruidl, Nick
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Insight Article

Overview of the 2020 Mexican tax reform

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

  • Lopezlena, Edgar
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Insight Article

New Hampshire adopts market-based sourcing

Market-based sourcing effective for periods ending on or after Dec. 31, 2021, for the Business Enterprise Tax and the Business Profits Tax.

  • Chadwick, Dan
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Insight Article

EU's VAT action plan 'Quick Fixes'

More than $750bn VAT revenue has been lost across the EU over a 5-year period from VAT fraud and more significantly to noncompliance.

  • Stocks, Duncan
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Insight Article

Emerging issues for the family office

From taxation complexity to understanding cyberthreats, what are today’s top five concerns for family offices?

  • Abeles, Randy
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Insight Article

Phantom income in real estate

Varied taxable income can lead to fluctuations in the real estate life cycle. Minimize exposure to phantom income with these considerations.

  • Cohen, Andrew
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Insight Article

Illinois enacts broad tax changes

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

  • Kolosky, Bob
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Insight Article

Georgia amends various tax credits

The Historic Rehabilitation Credit, Quality Jobs Tax Credit, and Manufacturing Investment Tax Credit are all impacted by new legislation.

  • Calafell, Rob
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Insight Article

Tax implications of hard forks and airdrops

Not all digital assets are received through an exchange; airdrops and hard forks create another layer of complexity for taxpayers

  • Jamieson, Wes
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Insight Article

Revisiting at risk rules for partnerships

Proposed Sec. 465 regulations provide significant guidance and detailed examples of the application of the at-risk rules for partnerships.

  • Carney, Vicki
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