(authored by RSM US LLP) Former Vice President Joe Biden’s tax plan features significant changes. Rates seem likely to rise, even if President Trump wins re-election...
(authored by RSM US LLP) The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274....
(authored by RSM US LLP) Companies must minimize financial exposure and maximize their potential recoveries if their business clients face bankruptcy....
Authored by the Internal Revenue Service: IR-2020-185, August 18, 2020With millions of Americans now receiving taxable unemployment compensation, many of them for the first time, the Internal Revenue Service today...
Ever since 2006, individuals age 70½ or older have been able to transfer up to $100,000 annually from their IRAs to qualified charities. These transfers are referred to as qualified...
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided a recovery rebate credit of $1,200 for individuals or $2,400 for couples and $500 per child under the age of 17...
Tax Day Moves from April 15 to July 15This morning, the Treasury Department announced the federal tax filing and tax payment deadlines are now July 15, 2020. We expect states...
View this article in PDF format. The SECURE Act Changes IRAs and 401(k) Plans On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020 (H.R. 1865), which...