Ideas & Insights

A summary of the IRA proposals that were included in the most recent revision of the social and climate spending bill.

Budget reconciliation, tax policy changes, tax technology, year-end planning—all key topics at the RSM Tax Summit 2021.

After intense negotiations, some provisions were eliminated while others were rewritten in an effort to appease all Democratic members.

Senate finance committee proposes a billionaire tax to tax some unrealized capital gains for wealthy individuals, trusts and estates.

Environmental, social and governance on family offices cannot be underestimated, as governance and investment strategy affects wealth.

This article discusses implications of the recent IRS campaign targeting US expatriates to Puerto Rico and related tax issues.

IRS changes FAQ policy regarding new tax legislation and offers reliance on FAQs as reasonable cause defense to accuracy-related penalties.

President Biden and Congress have proposed to increase the capital gains tax rate. Taxpayers may wish to create a taxable event.

Explore the potential impacts of House-proposed tax changes on wealthy and high-income individuals and strategies to lessen the effects.

This article delves into the taxation of carried interest in Hong Kong and the US, two of the world’s leading private equity hubs.

Family offices affected by income and transfer tax increases on individuals, estates and trusts proposed by House Ways and Means Committee.

A recent Treasury Inspector General report suggests the IRS needs to focus on S corps and payments to shareholders. The IRS may disagree.

Family member education in a family office is an evolving initiative to ensure a family’s legacy endures. Learn more.

Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.

Some hedge fund managers are making the move to restructure their wealth as a family office; however, there are key areas to consider.

What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?

The ownership structure and tax treatment of partnerships call for unique compensatory devices when designing a succession plan.

With proper foresight, closely held business owners can use multiple tools to address various goals when exiting from the business.

Business owners who work for the company may facilitate an ownership transition by separating service payments from company value.

ESOPs are a unique tool that can be valuable to selling shareholders, corporations and employees in a corporate succession plan.