Ideas & Insights

New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.

SEC auditor independence considerations for private equity funds with a registered investment adviser or an initial public offering.

In a new IRS Legal Memo, the IRS opines that most pre-TCJA exchanges of one cryptocurrency for another did not qualify for gain deferral.

RO certifications for the Dec. 31, 2020 period are due July 1, 2021. RSM can assist ROs with this and other FATCA compliance requirements.

Our summary highlights several regulations affecting broker-dealers that recently have been issued or updated.

The U.S. Department of Labor has issued necessary regulations for service providers that want to offer PEP arrangements to their clients.

What makes the shift from Libor challenging is how deep and interwoven it is in every corner of the financial services industry.

DOL proposes prohibited transaction exemption for Financial Institutions and Investment Professionals providing advice to participants.

The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.

The decision may impact sourcing positions taken by the financial service industry for New York State and New York City tax purposes.

How financial institutions can gain comfort that the internal audit provides appropriate testing of their BSA/AML function and activities.