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IRS updates procedures for supervisor approval of penalties

IRS updates procedures for supervisor approval of penalties

IRS provides specific guidance through proposed IRM provisions to implement interim policy changes for supervisory approval of penalties.
Final regulations address higher education endowment excise tax

Final regulations address higher education endowment excise tax

New regulations under section 4968 provide favorable guidance to private colleges and universities subject to the excise tax.
Family First Member Spotlight: Meet Leslie Sims

Family First Member Spotlight: Meet Leslie Sims

Meet Leslie Sims and learn about how she manages work and family demands during these unusual times.
The reality for retail: Bankruptcy as a strategic option for survival

The reality for retail: Bankruptcy as a strategic option for survival

As retail bankruptcies persist, companies must understand the impact of bankruptcy as a strategic option for both the business and partners.
Conquering COVID-19 family office challenges and seizing opportunities

Conquering COVID-19 family office challenges and seizing opportunities

Insights for family offices on investment and tax strategies, risk management, and operational considerations in the face of the pandemic.
2020-21 Trends: Capital, operational, construction, food and beverage

2020-21 Trends: Capital, operational, construction, food and beverage

RSM US LLP’s Trends in Private Clubs annual report highlighting capital, operational, construction, food and beverage.
Family office and forensic analyses of key financial processes

Family office and forensic analyses of key financial processes

Prudent payment integrity assessments and analysis of financial processes help family offices reduce risk and streamline financial reporting
U.S. Treasury releases final BEAT regulations

U.S. Treasury releases final BEAT regulations

On Sept. 1, 2020, the Treasury released final regulations on the section 59A base erosion and anti-abuse tax (BEAT).
Final bonus depreciation regulations issued under TCJA

Final bonus depreciation regulations issued under TCJA

The IRS and Treasury released the final bonus regulations applicable to property acquired and placed in services after Sept. 27, 2017.
Construction on-demand webcast series

Construction on-demand webcast series

Join RSM's six-part series of on-demand webcasts covering workforce, risk and digital transformation for construction.
Qualitative assessment of goodwill impairment upon triggering event

Qualitative assessment of goodwill impairment upon triggering event

In this article, we discuss the qualitative assessment of goodwill impairment upon the occurrence of a triggering event.
Proposed ASC 606 practical expedient for private-company franchisors

Proposed ASC 606 practical expedient for private-company franchisors

A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.
Revised Form 941-X

Revised Form 941-X

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.
AICPA issues TQAs for entities

AICPA issues TQAs for entities

The AICPA has issued additional technical questions and answers for health care entities related to leasing and CARES Act provisions.
Presentation and disclosure of contributed nonfinancial assets

Presentation and disclosure of contributed nonfinancial assets

The FASB recently issued requirements regarding the presentation and disclosure of contributed nonfinancial assets by nonprofit entities.