Insights and Resources

Advance Child Tax Credit Payments

Advance Child Tax Credit Payments

The American Rescue Plan expanded the Child Tax Credit and provided a mechanism for families to receive advance payments for the credit. In this video, we will provide an overview of the Child Tax Credit and the advance payments that will begin this summer.
The Qualified Business Income Tax Deduction

The Qualified Business Income Tax Deduction

The Qualified Business Income (QBI) Deduction can reduce an individual's tax liability on pass-through income by as much as 20% of taxable business income from the entity. Here's a great 3-minute video to find out more.
The European Commission announces proposal for EU business taxation

The European Commission announces proposal for EU business taxation

The European Commission proposes a new framework for business taxation with measures that promote an effective tax structure in the EU.
Tax Court applies equitable estoppel against taxpayer

Tax Court applies equitable estoppel against taxpayer

Taxpayer relied on statute of limitations to defer tax on merger, then reversed course and said merger was taxable to reduce acquirer’s tax.
G7: Groundbreaking steps to a 15% global minimum tax

G7: Groundbreaking steps to a 15% global minimum tax

During conversations on Saturday June 5, 2021, the G7 made historic strides toward multilateral agreement on a 15% global minimum tax rate.
White House releases President’s budget, Treasury Greenbook

White House releases President’s budget, Treasury Greenbook

Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
Biden Tax Plan targets cryptocurrency compliance to fund IRS

Biden Tax Plan targets cryptocurrency compliance to fund IRS

The Treasury just released a report proposing how cryptocurrency compliance will contribute to funding the $80 billion IRS overhaul.
Budget Reconciliation – A Potential Path for President Bidens Plans

Budget Reconciliation – A Potential Path for President Bidens Plans

President Biden has proposed a $2.29 trillion American Jobs Plan and a $1.9 trillion American Families Plan, but a closely divided senate makes it challenging to turn these bills into law. In this video, we’ll discuss the budget reconciliation process as a possible path.
Washington enacts retroactive captive insurance premiums tax

Washington enacts retroactive captive insurance premiums tax

Washington bill applies a retroactive tax on captive insurance premiums covering in-state risks from Jan. 1, 2011.
Health care providers continue to seek Provider Relief Fund clarity

Health care providers continue to seek Provider Relief Fund clarity

RSM's new national health care leader, Carlos Hernandez, provides insights into the industry and practice in an unprecedented time.
5 ways to enhance modern member experience

5 ways to enhance modern member experience

Join our webcast to learn tips on using a modern AMS solution to enhance member experience.
Key CARES Act and SECURE Act updates for employers

Key CARES Act and SECURE Act updates for employers

New legislation and impacts from the coronavirus relief bill and SECURE Act for employers: RSM dives into practical advice for plan sponsors
IRS temporarily waives penalty for using dyed diesel fuel in Southeast

IRS temporarily waives penalty for using dyed diesel fuel in Southeast

IRS temporarily waives penalty for using dyed diesel fuel on highways in Southeast due to Colonial Pipeline shutdown through May 21, 2021.
IRS extends May 17, 2021 due date for victims of Tennessee storms

IRS extends May 17, 2021 due date for victims of Tennessee storms

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Tennessee storms, wind, tornadoes, and flooding.
IRS will audit more LLCs claiming self-employment tax exemption

IRS will audit more LLCs claiming self-employment tax exemption

IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.

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