Proposed PFIC regulations revise reporting by US partnerships

by RSM US LLP | Feb 10, 2022

Insights < Back to Insights and Resources Proposed PFIC regulations revise reporting by US partnerships TAX ALERT  |  February 10, 2022 Authored by RSM US LLPOn Jan. 24, 2022, the IRS issued proposed regulations (REG-118250-20) that would eliminate the Form 8621...

IRS releases guidance on timing of tax-exempt income for PPP loans

by RSM US LLP | Nov 19, 2021

Insights < Back to Insights and Resources IRS releases guidance on timing of tax-exempt income for PPP loansTax-exempt income timing of PPP loan forgiveness comes with options TAX ALERT  |  November 19, 2021 Authored by RSM US LLPOn Nov. 18, 2021, the IRS released...

IRS releases 2022 retirement plan limitations

by RSM US LLP | Nov 5, 2021

Insights < Back to Insights and Resources IRS releases 2022 retirement plan limitations TAX ALERT  |  November 05, 2021 Authored by RSM US LLPThe IRS issued Notice 2021-61, which made modifications to the annual limits for retirement plans. These limits are updated...

IRS updates Frequently Asked Questions policy

by RSM US LLP | Oct 19, 2021

Insights < Back to Insights and Resources IRS updates Frequently Asked Questions policy TAX ALERT  |  October 19, 2021 Authored by RSM US LLPThe IRS announced it is updating its Frequently Asked Questions (FAQs) process for certain FAQs relating to newly enacted...

Security Summit warns of identity theft and unemployment fraud

by RSM US LLP | Aug 24, 2021

Insights < Back to Insights and Resources Security Summit warns of identity theft and unemployment fraud TAX ALERT  |  August 24, 2021 Authored by RSM US LLPThe IRS Security Summit (Summit) urges the tax community to learn the tell-tale signs of identity theft. The...