Ideas & Insights

Mexico released tax changes for 2021. Some new rules may have significant impact on U.S. companies doing business in Mexico.

Partially finalized regulations on business interest expense deductions provide helpful clarifications for multinational businesses.

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

The CARES Act enacted a temporary suspension of the TCJA’s 80% limitation on the use of NOLs, this will impact FTC and ODL calculations.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

IRS releases final and proposed regulations on the deduction for dividends from foreign corporations and related reporting rules.

Former Vice President Joe Biden’s tax plan features significant changes. Rates seem likely to rise, even if President Trump wins re-election

Final regulations generally taxpayer-favorable versus 2018 proposal, additional proposed regulations give guidance on pass-throughs, others.

Final and proposed regulations related to the GILTI high tax exclusion and subpart F high tax exception released.

Treasury and the IRS have issued final regulations on determining the amount of the deduction for FDII and GILTI.

CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships

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

Tax Policy Now podcast examines filing tax returns now or pursue an extension, given the wait for Treasury Department legislative action.

Advisor must document amounts used to “investigate” an actual buy or sell – a study may make sense if amounts are substantial.

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

The IRS is willing to consider relief from double taxation resulting from the application of section 965 in limited circumstances.

RSM’s tax leaders bring insight on upcoming policy shifts for the Tax Cuts and Jobs Act in a short audio cast.

Final regulations affect whether a controlled foreign corporation is a related person under attribution rules.

The IRS has published final section 6050Y regulations requiring reporting of sales and acquisitions of certain life insurance contracts.

New IRS enforcement campaign targeting the section 965 transition tax compliance indicates a likely increase in section 965 audit activity.