Ideas & Insights

RSM's virtual summit on transformative tax issues facing the middle market is available as an on-demand webcast.

New partnership examination procedures which began in tax year 2018 under the BBA are more complex than previous procedures.

Rate reduction triggered after revenue metrics achieved; draft TCJA guidance published addressing the personal income tax.

Tax Court holds records and testimony by taxpayer were sufficient to support their claim that rental activities were non-passive.

The IRS issued final regulations on the designation and authority of the partnership representative under the new partnership audit regime.

Burden-shifting rule for individuals requiring the government to prove the validity of penalties in litigation does not reach partnerships.

When considering this technique to accomplish a tax-free asset distribution, favorable IRS rulings have become more difficult to obtain.

Increasing wages to maximize 20 percent pass-through deduction must be reconciled with reasonable compensation rules.

An S-corporation opting to change to a C-corporation, may need to change certain accounting methods, requiring a section 481(a) adjustment.

Our Washington National Tax leaders discuss the basic mechanisms of a 20 percent deduction that applies to most entrepreneurial businesses.

Taxpayers taking the new 20 percent deduction for pass-throughs and other non-corps may not reap any benefit for state tax obligations.

Thousands of small and middle-market businesses may see unexpectedly large tax cuts as a result of the Tax Cuts and Jobs Act.

Final IRS regulations limit the ability of many partnerships to avoid the new centralized partnership audit regime rules.

Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.

With the enactment of the Bipartisan Budget Act of 2015, the private capital industry should expect major changes to the way the IRS audits.

If you have a partnership or LLC, it’s time to walk through the basic tax and business issues that may arise with the new audit rules.

The IRS and a leading investor in nonperforming loans resolved their differences over the cost recovery method for distressed debt.

Recent tax court decision focuses on control as key factor in whether a partner qualifies as a limited partner for self-employment tax.

When entering the U.S. tax system through investment or relocation, a nonresident faces unique tax reporting and filing obligations.

Final regs update some categories of subpart F income, treatment of foreign-held U.S. property in transactions that involve partnerships.