Final regulations address issues for former S corporations
The IRS released final regulations affecting S corporations that revoked their status in response to TCJA and lower C corporation tax rates.
A properly and timely e-filed tax return triggers limitation statute
Tax Court ruled rejected e-filing triggered three-year limitation statute despite omission of taxpayer’s personal identification number.
IRS permits e-signatures for additional forms
The IRS expanded its previous temporary authorization of e-signatures to an additional 7 forms in response to the COVID-19 pandemic.
Coronavirus: Recent developments in financial reporting considerations
We have updated our white paper to address certain recent financial reporting developments related to the coronavirus.
Adapting your nonprofit’s business model to the new marketplace
Listen to RSM professionals as they discuss strategies nonprofit organizations can use to adapt in this new virtual environment.
Final regs. address payments to charities in return for SALT credits
Amendments to section 162, 164, and 170 regs. formalize safe harbors for payments to charitable organizations in exchange for SALT credits.
Unemployment reimbursement relief for nonprofit employers
New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.
Impact of section 4960 proposed rules on taxable and exempt entities
Join RSM in a discussion of the changes and considerations covered by the exempt organization executive compensation proposed regulations.