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
News & Events Tag
Connelly Supreme Court Ruling: What it Means for Your Business
(authored by RSM US LLP) In Connelly, Supreme Court confirmed estate tax value was not reduced by the redemption obligation when the parties utilize a redemption agreement....
19 June, 2024
Significant Changes to Overtime Rules
The U.S. Department of Labor (DOL) will implement a new rule on July 1, 2024, that will significantly alter the salary thresholds for overtime exemptions under the Fair Labor Standards...
11 June, 2024
The 4 Biggest Trends Shaping the Technology Sector
(authored by RSM US LLP) Technology companies are adapting as macroeconomic conditions shift and the hype around artificial intelligence continues. Here are the top four trends RSM has identified for...
11 June, 2024
Estate Planning Q&A: Gifting to Intentionally Defective Grantor Trusts Explained
(authored by RSM US LLP) Reduce estate taxes? Consider a gift to an IDGT: The gift that keeps on giving...
10 June, 2024
The IRS’s New Audit Strategy: What Wealthy Individuals, Corporations, and Complex Partnerships Need to Know
The IRS is set to dramatically boost audits on high-income earners, major corporations, and complex partnerships. Find out what these changes mean for you and how to prepare effectively....
06 June, 2024
IRS Proposes Major Changes for Donor-Advised Funds
The proposed IRS regulations on Donor-Advised Funds introduce potential shifts in how these funds are managed. With possible retroactive effects and new compliance hurdles on the horizon, the time to...
06 June, 2024
Alternative Minimum Tax Basics For Individuals
Understanding the Alternative Minimum Tax (AMT) can be complex, but it's essential for strategic tax planning. This article guides you through the process of calculating your AMT and offers useful...
06 June, 2024