Search Results

Tax framework agreement sets direction for potential business and individual tax relief

By RSM US LLP January 19, 2024

Section 174 expensing, a return to EBITDA for section 163(j), an extension of 100% bonus depreciation and disaster relief paid for by ending Employee Retention Credits (ERC)

What to do if you filed an employee retention credit claim with the IRS

By RSM US LLP September 19, 2023

ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?

IRS releases fact sheet regarding residential energy credits

By RSM US LLP January 10, 2023

A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.

With no year-end tax package, businesses face unfavorable changes

By RSM US LLP December 22, 2022

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.

Inflation Reduction Act: What $80 billion in IRS funding means for taxpayers

By RSM US LLP August 11, 2022

The Inflation Reduction Act of 2022 provides significant funding for the IRS over the next 10 years. The IRS is expected to use over half the funds for enforcement. Taxpayers can also expect to see an increase in taxpayer services.