United States
Instructions for claiming a refund or credit, or adjust Form 990-T for qualified transportation fringe of unrelated business income tax.
The IRS is willing to consider relief from double taxation resulting from the application of section 965 in limited circumstances.
New Jersey becomes the sixth state to adopt an entity-level tax establishing a workaround to the federal SALT deduction limitation.
RSM’s tax leaders bring insight on upcoming policy shifts for the Tax Cuts and Jobs Act in a short audio cast.
The global economy has decelerated over the past two years as an uncertainty tax continues to damp overall economic activity.
The comment letter explains that certain S corporations that experienced an ownership change should also qualify under these rules.
House bill, if enacted, would increase SALT deduction cap in 2019 for certain taxpayers and repeal SALT deduction cap for 2020 and 2021
The SECURE Act makes changes affecting retirement benefits in qualified plans and in IRAs for both the employers and individuals.
The IRS has released the final version of Form W-4 reflecting changes to employee withholding from the Tax Cuts and Jobs Act.
The IRS released proposed regulations which supplant and largely following previous guidance in Notice 2018-68 with important distinctions.
Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.
New tax laws and industry trends create planning opportunities for fund owners and management firms in the year ahead.
Notwithstanding unfavorable changes to the Code, capital gain treatment is still available on the sale of patents in certain scenarios.
The Final QOZ Regulations have been submitted to the Office of Management and Budget for final review and publication is expected soon.
Final regulations affect whether a controlled foreign corporation is a related person under attribution rules.
Comments address concerns and recommendations regarding proposed regulations addressing section 382 built-in gains and losses.
The IRS has published final section 6050Y regulations requiring reporting of sales and acquisitions of certain life insurance contracts.
Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.
New IRS enforcement campaign targeting the section 965 transition tax compliance indicates a likely increase in section 965 audit activity.
Revenue Procedure 2019-43 supersedes Rev. Proc. 2018-31, providing procedures to change accounting methods with automatic consent.