IRS Issues Guidance to Combat Partnership Basis-Shifting Transactions
(authored by RSM US LLP) The IRS has announced an effort to combat related party basis shifting transactions that lack economic substance....
21 June, 2024
Inflation Reduction Act Tag
Tax Credits for Energy-Efficient Home Improvements
If you were looking to make a few home improvements, you might save some money on your projects under the Inflation Reduction Act, if you make your home more energy...
03 April, 2023
Tax-Exempt Organizations: Clean Energy Incentives and Direct Pay
(authored by RSM US LLP) The IRA enables tax exempt entities to realize liquidity for certain energy related credits and incentives....
14 March, 2023
Updated Guidance on the Clean Vehicle Tax Credit Program
Since the Inflation Reduction Act of 2022 was signed into law, there has been confusion surrounding some of the new requirements for the Clean Vehicle Credit. This article will provide...
20 February, 2023
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
Major Provisions of the Inflation Reduction Act of 2022
In August 2022, President Biden signed the Inflation Reduction Act (IRA) into law. Learn about the major provisions related to climate, energy, and taxes and how they may affect...
13 September, 2022
Inflation Reduction Act: Healthcare Provisions Affect Employers
On August 16, 2022, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA’s provisions primarily focus on reducing the federal budget deficit and carbon emissions over the...
06 September, 2022
The New Corporate Minimum Tax: Overview and Highlights
(authored by RSM US LLP) The Inflation Reduction Act of 2022 imposed a new 15% alternative minimum tax on large corporations. Notably, the tax is based on a corporation’s financial...
22 August, 2022
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