Ideas & Insights

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

RSM is pleased to provide a series of webcast discussions that will drill into the operational planning perspective family offices now face.

The recent IRS Notice provides relief in the form of flexibility for investment timing and testing periods for QOFs and their investors.

As the Main Street Lending program rolls out, family offices that are eligible must consider pitfalls of borrowing one.

The CARES Act includes beneficial tax relief. Coupled with sophisticated planning, now is the time to revisit your individual tax strategy.

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

Securities and Exchange Commission has provided some relief to regulated investment companies, but Internal Revenue Service has yet to act.

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

Taxpayers should contact their tax professionals to proactively discuss documentation needed to withstand IRS scrutiny.

Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.

The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.

The IRS provided long-awaited guidance for taxpayers anxious to take advantage of the NOL provisions in the CARES Act.

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.

The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.

As businesses renegotiate debts in the aftermath of COVID-19, it is critical to understand whether the debt is considered publicly traded.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Delaware notices advise companies to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

Financial services businesses providing software and services to Illinois customers may have multiple transaction tax obligations.

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

U.S. investment funds, banks and other FIs with foreign investors may need to remediate volumes of tax withholding certificates.