Ideas & Insights

The Coronavirus Aid, Relief and Economic Security Act has led to significant tax changes and relief for real estate owners and operators.

This guidance provides updates on the tax treatment of remodel or refresh expenditures and a safe harbor method of accounting for qualified taxpayers.

RSM overviews recent guidance on the tangible property regulations and the effects on tax reporting to help ensure compliance is maintained.

The IRS recently released two revenue procedures modifying and updating the general procedures to obtain consent for a change in method of accounting.

Taxpayers facing an imminent decision on which accounting method to adopt for rotable parts may find that decision is not as easy as it seems.