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IRS launches new option to submit Forms 2848 and 8821 online

IRS launches new option to submit Forms 2848 and 8821 online

The IRS launched a new option to electronically submit third-party authorization forms with either handwritten or electronic signatures.
Final section 163(j) regulations helpful for multinational businesses

Final section 163(j) regulations helpful for multinational businesses

Partially finalized regulations on business interest expense deductions provide helpful clarifications for multinational businesses.
Chicago provides narrow guidance on Wayfair economic nexus

Chicago provides narrow guidance on Wayfair economic nexus

A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.
Elections required for LIBOR-based hedging relationships

Elections required for LIBOR-based hedging relationships

Certain expedients available under ASC 848 may be relevant now to entities that hedge LIBOR-based debt instruments.
OECD releases guidance on COVID19 transfer pricing adjustments

OECD releases guidance on COVID19 transfer pricing adjustments

The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.
Importance of competitive total rewards packages pre and post Covid-19

Importance of competitive total rewards packages pre and post Covid-19

Successful organizations must now strategically leverage their benefits programs to become an employer of choice.
Quarterly accounting webcast series 2021

Quarterly accounting webcast series 2021

Each quarter, RSM's accounting thought leaders update middle market businesses on recently issued and proposed accounting guidance.
How nonprofits can better leverage data to drive mission impact

How nonprofits can better leverage data to drive mission impact

Utilizing data as a tool to drive greater efficiency and better decision-making in your nonprofit organization.
Texas issues revised franchise tax sourcing rules

Texas issues revised franchise tax sourcing rules

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
New section 199A guidance may affect taxpayers with short tax years

New section 199A guidance may affect taxpayers with short tax years

IRS modifies guidance on wages that are includible when computing section 199A deduction for taxpayers with short tax years.
California’s Hospital Diversity Act: Assembly Bill 962

California’s Hospital Diversity Act: Assembly Bill 962

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
The value of proactive family office cybersecurity assessments

The value of proactive family office cybersecurity assessments

Managing the risk of business email compromise and other cyberattacks through proactive family office cybersecurity assessment.
Navigating the REIT asset tests

Navigating the REIT asset tests

Despite their competitive tax advantage, REITs are subject to a complex set of compliance rules which include quarterly asset tests
President Biden’s tax plan

President Biden’s tax plan

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
PPP forgiveness and expenses: State tax implications

PPP forgiveness and expenses: State tax implications

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.