Insights

Forgiven PPP loans are not reportable on Form 1099C

Forgiven PPP loans are not reportable on Form 1099C

IRS Announcement 2020-12 clarifies that lenders need not issue form 1099-C reporting PPP loans eligible for forgiveness under the CARES Act.
Transitional FAQs:  Amended Regulation S-K Items 101, 103 and 105

Transitional FAQs: Amended Regulation S-K Items 101, 103 and 105

The SEC has provided transitional FAQs in response to questions about amended Regulation S-K Items 101, 103 and 105.
RSM Middle Market Business Index: October 2020

RSM Middle Market Business Index: October 2020

The improvement in economic activity following the gradual reopening of the economy this spring bolstered middle market business sentiment.
IRS releases 2021 TE/GE program letter and compliance priority webpage

IRS releases 2021 TE/GE program letter and compliance priority webpage

The TE/GE division’s 2021 program letter contains a summary of its priorities for the fiscal year and a new compliance priority webpage.
IRS confirms that pass-throughs not subject to SALT deduction limit

IRS confirms that pass-throughs not subject to SALT deduction limit

The IRS will release proposed regulations confirming the SALT deduction limit will not apply to entity-level taxes imposed on pass-throughs.
Impact of India’s new dividend withholding tax on U.S. investors

Impact of India’s new dividend withholding tax on U.S. investors

Recent changes by Indian tax authorities on taxing dividend distributions may impact U.S. investors’ repatriation of earnings.
Dotted lines to data equal despair

Dotted lines to data equal despair

Data is key to organization success. Transformation of an organization requires the dots to be connected in order to be successful.
Even a 50-50 Senate would mean uncertainty for Joe Biden’s tax plan

Even a 50-50 Senate would mean uncertainty for Joe Biden’s tax plan

Joe Biden’s tax plan will face challenges from a divided Senate, but there is a potential path to enacting at least some changes.
Tax Summit Week 2020 Covered Ground

Tax Summit Week 2020 Covered Ground

A recap of presentations, top questions and highlights from virtual sessions held at the 2020 RSM annual tax summit.
IRS issues procedures to apply bonus regulations retroactively

IRS issues procedures to apply bonus regulations retroactively

Procedural guidance provides taxpayers with an opportunity to apply bonus depreciation regulations retroactively and reconsider elections.
SEC simplifies the exempt offering framework

SEC simplifies the exempt offering framework

The SEC recently issued a final rule to address difficulties and confusion in applying the exempt offering framework.
IRS issues final regulations for sales of partnership interests

IRS issues final regulations for sales of partnership interests

Final section 864(c)(8) regulations clarify rules for foreign partners with ECI from transfers of partnership interests.
What’s top in tech with food and beverage companies?

What’s top in tech with food and beverage companies?

RSM study examines top digital applications and technologies used by middle market food and beverage businesses. Check out our infographic.
What’s top in tech with food and beverage companies?

What’s top in tech with food and beverage companies?

RSM study examines top digital applications and technologies used by middle market food and beverage businesses. Check out our infographic.
2020 state and local tax legislative recap

2020 state and local tax legislative recap

State tax planning opportunities to consider in light of COVID-19, the resulting economic crisis and evolving tax laws and regulations.