Texas issues revised franchise tax sourcing rules (authored by RSM US LLP)
Jan 19, 2021
The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
Texas Workforce Commission – 2021 Unemployment Tax Rates
Dec 8, 2020
The Texas Workforce Commission announced this week that 2021 unemployment tax rates will not be released until some time in February. Here is a copy of their press release: The Texas Workforce Commission (TWC) is working diligently to keep the 2021 tax rates as low...
IRS releases final regulations on like-kind exchanges (authored by RSM US LLP)
Nov 25, 2020
The final regulations broaden the definition of real property compared to the more restrictive definition in the proposed regulations.
2020 Year-End Tax Planning for Individuals
Nov 17, 2020
As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we’ll cover ten strategies that may help in reducing your tax bill.
Pairing a Pour-Over Will With Your Trust
Oct 30, 2020
Does your estate plan include a trust? If so, you should know about an estate planning tool called a Pour-Over Will which helps ensure that all assets are moved into a Trust after an individual’s death.
IRS simplifies partnership tax capital reporting rules (authored by RSM US LLP)
Oct 22, 2020
In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
2020 Election preview: Real estate (authored by RSM US LLP)
Oct 12, 2020
With the election approaching, RSM is looking at the economic stakes and the key issues for various industries.
IRS issues final regulations on meals and entertainment deductions (authored by RSM US LLP)
Oct 1, 2020
The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
IRS releases proposed carried interest regulations (authored by RSM US LLP)
Aug 6, 2020
Proposed carried interest regulations are mostly as expected with a few new items and detailed computational rules.
Texas provides guidance for EFT payer franchise tax extensions (authored by RSM US LLP)
Jul 21, 2020
TAX ALERT | July 16, 2020 Authored by RSM US LLP The Texas Comptroller of Public Accounts has issued guidance in the July edition of Texas Tax Policy News explaining the state’s procedures for mandatory electronic payers to request a second extension for 2020...
KHA TAX BRIEFING – TAX CUTS AND JOBS ACT
Dec 21, 2017
Yesterday, Congress officially passed the Tax Cuts and Jobs Act (TCJA). President Trump is expected to sign the bill into law sometime between now and early January. The Act represents the largest overhaul of the Internal Revenue Code since 1986. As with any new...