News & Insights

IRS simplifies partnership tax capital reporting rules
October 20, 2020
By RSM US LLP

In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
2020 year end tax considerations for businesses
October 15, 2020
By RSM US LLP

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
SBA releases procedural guidance for PPP loans in M&A transactions
October 4, 2020
By RSM US LLP

SBA procedural guidance provides answers on how to navigate PPP loan changes in ownership; deals can now move forward with certainty.
IRS issues final regulations on meals and entertainment deductions
September 30, 2020
By RSM US LLP

The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
Treasury issues skinny guidance on employee payroll tax deferral
August 30, 2020
By RSM US LLP

Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.