Ideas & Insights

Budget law reduces taxes for both businesses and individuals with rate cuts; adopts a state and local tax deduction workaround.

Employers must set compensation policies for remote workers taking into account federal and state tax laws and state legal requirements.

The Department of Revenue has created a new voluntary transfer pricing initiative that allows taxpayers to enter into managed audits.

Three-month tax amnesty program for most state taxes will offer full penalty waiver and an interest reduction of 75%.

Budget reconciliation, tax policy changes, tax technology, year-end planning—all key topics at the RSM Tax Summit 2021.

Recent IRS advice notes that a company group including several companies must support the interest deductions claimed by a specific company.

Members of pass-through entities must conduct thorough modeling to determine whether a workaround is ultimately beneficial.

This article discusses implications of the recent IRS campaign targeting US expatriates to Puerto Rico and related tax issues.

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

Filing limitations and requirements at the state level may create both risks and opportunities for federal consolidated filers.

Our annual tax planning guide for businesses addressing federal tax changes and developments that affect the middle market.

State tax planning opportunities to consider resulting in a year of economic rebound and legislative tax law changes.

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending Sept. 30, 2021.

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.

Proper diligence when it comes to the state application of net operating losses can help maximize tax benefits and minimize errors.

Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue.

Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.

Businesses feeling the economic distress of COVID-19 should consider how to maximize cash flow and stay current with state tax

Many business situations call for a thorough sales tax review to assess and resolve past overpayments and underpayments of sales and use tax

A sales tax bad debt analysis and review can provide necessary cash flow for many businesses in a distressed economy.