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NOL deductions may be protected with change of fiscal year

NOL deductions may be protected with change of fiscal year

For corporations with NOLs that anticipate 2021 income, a change of fiscal year may mitigate the impact of the 80% NOL deduction limitation.
VAT and digital services: Looking forward to 2021

VAT and digital services: Looking forward to 2021

Join our webcast to learn about the unique challenges U.S. businesses face when engaging in online sales of goods and services overseas.
Nine research and development tax credit myths costing you money

Nine research and development tax credit myths costing you money

Misconceptions about the federal research and development tax credit leave many companies paying more tax than required.
RSM US Middle Market Business Index Reopening the Middle Market

RSM US Middle Market Business Index Reopening the Middle Market

RSM's special report provides insights into how executives consider government guidance, employee readiness, COVID-19 case numbers and more.
IRS releases 2021 retirement plan limitations

IRS releases 2021 retirement plan limitations

Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.
IRS guidance affirms short deadline extension for like-kind exchanges

IRS guidance affirms short deadline extension for like-kind exchanges

The IRS confirmed its taxpayer-unfavorable interpretation of deadline extension provisions for like-kind exchanges affected by COVID-19.
Tax Court reversed on conservation easement case

Tax Court reversed on conservation easement case

The Eleventh Circuit determined that reserved rights for homesites did not violate section 170(h)(2) charitable contribution rules.
IRS acknowledges auto-revocation errors

IRS acknowledges auto-revocation errors

Some exempt organizations that timely filed Form 990 series returns or notices are receiving erroneous auto-revocation notices.
Exempt organization inflation adjusted items for 2021

Exempt organization inflation adjusted items for 2021

Rev. Proc. 2020-45 provides annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
Driving value creation through data analytics

Driving value creation through data analytics

Smart and effective use of data and analytics helps improve business performance, cut costs, and maximize profits.
Digital Assets – the AICPA’s practice aid on accounting and auditing

Digital Assets – the AICPA’s practice aid on accounting and auditing

RSM is pleased to offer a webcast on the AICPA’s practice aid on accounting for and auditing of digital assets.
2020 Election preview: Technology, media and telecom

2020 Election preview: Technology, media and telecom

With the election approaching, RSM is looking at the economic stakes and the key issues for the TMT industry.
Some states appear to hold the line on taxes, most won

Some states appear to hold the line on taxes, most won

Four states have adopted or are considering budgets without significant tax increases even considering pandemic shortfalls.
New Hampshire challenges Massachusetts regulation taxing telecommuters

New Hampshire challenges Massachusetts regulation taxing telecommuters

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.
IRS simplifies partnership tax capital reporting rules

IRS simplifies partnership tax capital reporting rules

In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.