2020 Election Preview: Manufacturing
(authored by RSM US LLP) With the election approaching, RSM is looking at the economic stakes and the key issues for the manufacturing industry....
21 October, 2020
Tax Planning Tag
Biden Proposes Tax Increases, but Status Quo also Unlikely Under Trump
(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...
21 October, 2020
IRS Issues Final Regulations on Meals and Entertainment Deductions
(authored by RSM US LLP) The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274....
01 October, 2020
5 considerations if your client files for bankruptcy
(authored by RSM US LLP) Companies must minimize financial exposure and maximize their potential recoveries if their business clients face bankruptcy....
14 September, 2020
Unemployment is Taxable: Withhold Now to Avoid Tax-Time Surprise
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...
25 August, 2020
New Twist Added to the IRA-to-Charity Provision
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...
29 July, 2020
Didn’t Qualify for the Stimulus Payment? Capture it on your 2020 Taxes
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...
27 July, 2020
Tax Filing Deadline Now July 15
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...
20 March, 2020