1031 Exchange
A Section 1031 exchange (also known as a like-kind exchange) allows commercial or investment real estate owners to avoid capital gains tax when selling the property by swapping qualifying properties....
12 October, 2022
2022 Tag
Lessor accounting under ASC 842
(authored by RSM US LLP) Our whitepaper explains contracts within the scope of Topic 842, as well as a lessor's accounting under ASC 842 for its contracts that are (or...
12 October, 2022
IRS Fights Employee Retention Tax Credit Fraud
In March 2022, the IRS identified 11,096 suspicious returns claiming more than $2 trillion in Employee Retention Tax Credits. The full extent of the fraud has yet to be...
03 October, 2022
Improperly Forgiven PPP Loans Are Taxable
On August 19, 2022, The IRS Office of Chief Counsel released a memorandum saying that when a taxpayer’s loan is forgiven based upon misrepresentations or omissions, the taxpayer is ineligible to exclude...
03 October, 2022
IRS Grants Relief to Victims of Hurricane Ian
(authored by RSM US LLP) The IRS issued a news release on Sept. 29, 2022, announcing that victims of Hurricane Ian now have until Feb. 15, 2023, to file various...
30 September, 2022
Pending Home Sales Fall to Their Lowest Level Since April 2020
(authored by RSM US LLP) Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates....
28 September, 2022
Avoid These Common Pitfalls When Establishing a Retirement Plan
(authored by RSM US LLP) When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan....
28 September, 2022
Haynie Gives: World Record to Fight Hunger
Haynie & Company Dallas loved participating in this years Tango Charities: Breaking a World Record Event on September 17, 2022. The event broke the Guinness World Record for the longest line of sandwiches with...
27 September, 2022