RSM US LLP

Are you managing your endowment funds under the current rules? See how you match up to these common issues in the application of UPMIFA.

For common control leases, the FASB is drafting amendments to simplify determining whether a lease exists, the classification of the lease, and accounting for leasehold improvements.

The NTA reports on the 10 most serious problems encountered by taxpayers and makes recommendations to alleviate these problems.

IRS releases procedures to adopt new rules for capitalizing research & experimental and software development costs.

Tax planning considerations for businesses and individuals approaching the end of 2022.

IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.

When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.

IRS will automatically waive or abate failure to file penalties for some returns when filed by Sept. 30, 2022. IRS will also waive or not apply penalties for 2019 and 2020 information returns.

Tax changes in the Inflation Reduction Act could affect middle market businesses despite targeting large corporations and high-income individuals.

The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.

The tax policy landscape in Washington remains unsettled as we approach the summer months, while inflation remains the dominant economic issue. Within the context, we look at what's currently on the legislative agenda for Congress.

The Green Book highlights and key takeaways from the Administration’s proposals on tax enforcement for FY 2023.