Tax Relief Bill Passes House, Faces Uncertain Fate in Senate
(authored by RSM US LLP) Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate....
01 February, 2024
News & Events Tag
Solving Generation-Skipping Transfer Tax Problems
(authored by RSM US LLP) We delve into five common GST exemption allocation problems and provide suggested remedies to mitigate potential unintended consequences....
31 January, 2024
IRS Releases Guidance on PIN Requirement for Energy Efficiency Home Improvement Credit
(authored by RSM US LLP) The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C....
31 January, 2024
Self-Employed? Here’s How to Pick Between a SEP IRA and Solo 401(k) for Your Retirement
Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, and the strategic considerations for choosing between them. Learn...
22 January, 2024
From Partnerships to Side Gigs, Who Really Owes Self-Employment Taxes?
Explore the impact of a recent legal shift that broadens the scope of self-employment taxes, including limited partners and gig workers. Learn how everyday activities could land you in the...
22 January, 2024
Expansion of Energy Tax Credits Under the Inflation Reduction Act
Discover how the IRA's expanded energy tax credits offer substantial incentives for a range of projects, from solar power to energy storage. Delve into the specifics of these credits and...
22 January, 2024
What Your Accountant Needs to Prepare Your Tax Return
What does your CPA need from you? The following is a list of general information that should be gathered for your income tax returns. Tax Information Needed Individual income tax returns:...
16 January, 2024
Net Investment Income Tax (NIIT): Strategies for Minimizing Tax Impact
© 2023Individual taxpayers are potentially liable for the net investment income tax (NIIT) if their modified adjusted gross income (MAGI) exceeds $200,000 ($250,000 for joint filers and qualifying widows or...
12 January, 2024