President Biden unveils his American Families Plan (authored by RSM US LLP)
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
Texas issues revised franchise tax sourcing rules (authored by RSM US LLP)
The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
Texas Workforce Commission – 2021 Unemployment Tax Rates
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)
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
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
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)
In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
IRS issues final regulations on meals and entertainment deductions (authored by RSM US LLP)
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)
Proposed carried interest regulations are mostly as expected with a few new items and detailed computational rules.