Tax relief bill passes House, faces uncertain fate in Senate
Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.
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RSM US LLP
Deadline for filing 2023 forms 1099 is near but beware of important changes
New electronic filing requirements, revised form 1099-NEC and new form 15397 present addional challenges for 1099 filers that may necessitate updates
Tax framework agreement sets direction for potential business and individual tax relief
Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)
The art of the practical: Adopting AI in a responsible way
Insights and best practices on how to navigate the intricate AI environment and drive enhanced growth and efficiency.
New guidance on section 174 research expenditures
Notice 2024-12 clarifies rules regarding research performed under a contract while Rev. Proc. 2024-9 updates guidance on accounting method changes.
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
IRS will use AI to help target partnerships and high net worth individuals
The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
Be proactive: A guide to internal and external fraud investigations
Learn how to identify early signs of fraud and apply best practices in an internal investigation to reduce the financial impact of fraud.
Capitalizing on AI: 8 common use cases for your organization
Learn about several common artificial intelligence (AI) use cases that can deliver the most return on investment and strengthen business operations.
Tax Court rules state law limited partner may be subject to self-employment tax
The Tax Court ruled that holding a state law limited partnership interest is not, by itself, enough to avoid self-employment tax.