Treasury watchdog: Focus on S corps and shareholder compensation

by RSM US LLP | Sep 30, 2021

Insights and Resources < Back to Insights and Resources Treasury watchdog: Focus on S corps and shareholder compensation INSIGHT ARTICLE  |  October 01, 2021 Authored by RSM US LLPThe Treasury Inspector General for Tax Administration (TIGTA) recently summarized its...

IRS takes skeptical view of agency argument to avoid income inclusion

by RSM US LLP | Sep 27, 2021

Insights and Resources < Back to Insights and Resources IRS takes skeptical view of agency argument to avoid income inclusion TAX ALERT  |  September 27, 2021 Authored by RSM US LLPIn a newly released PLR 202138001, the IRS refuted taxpayer’s use of the...

Tax Court applies equitable estoppel against taxpayer

by RSM US LLP | Jun 10, 2021

Insights and Resources < Back to Insights and Resources Tax Court applies equitable estoppel against taxpayer TAX ALERT  |  June 10, 2021 Authored by RSM US LLPIn New Capital Fire, Inc. v. Commissioner, T.C. Memo. 2021-67, the Tax Court held that capital gains from...

White House releases President’s budget, Treasury Greenbook

by RSM US LLP | Jun 1, 2021

Insights and Resources < Back to Insights and Resources White House releases President's budget, Treasury Greenbook TAX ALERT  |  June 01, 2021 Authored by RSM US LLPIn one of the most significant tax-oriented milestones of his presidency to date, President Biden...

IRS will audit more LLCs claiming self-employment tax exemption

by RSM US LLP | May 14, 2021

Insights and Resources < Back to Insights and Resources IRS will audit more LLCs claiming self-employment tax exemption TAX ALERT  |  May 14, 2021 Authored by RSM US LLPTaxpayers who are limited partners or members of LLCs and claim exemption from self-employment...