Ideas & Insights

As part of the COVID-19 effort, IRS temporarily adjusts and suspends key compliance program April 1, 2020- July 15, 2020

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

Coronavirus Aid, Relief and Economic Security Act provides liquidity by providing five-year NOL carryback and other help for corporations.

Widespread availability of credits and economic incentives during the COVID-19 pandemic may help businesses increase cash flow.

The IRS has implemented staff reductions and closed taxpayer assistance centers, which could affect mission-critical operations.

Federal income tax filing and payment relief extension to July 15, 2020 may not apply to all state income tax filings.

The conditions that cause uncertainty today create opportunities to transfer wealth to the next generations at historically low tax cost

The IRS issued Notice 2020-18 which supersedes Notice 2020-17 and provides income tax filing and payment relief to affected taxpayers.

Questions surround new tax legislation in response to COVID-19. RSM’s Tax Policy Now examines extended deadlines, paid leave and cash flow.

On March 19, the U.S. Senate released the third round of emergency assistance resulting from the 2020 COVID-19 pandemic.

Limited sales and use tax filing and payment relief has been included in some of the state and local COVID-19 response guidance.

Congress passes the Families First Coronavirus Response Act that mandates paid leave for employees impacted by COVID-19.

As the human and economic toll of coronavirus mounts, no sector of the economy has been immune from a downturn, including family offices.

Businesses feeling the economic distress of COVID-19 should consider how to maximize cash flow and stay current with state tax