by RSM US LLP | Aug 1, 2023
< Back to the Insights Gallery U.S. charitable donations fell last yearARTICLE | August 01, 2023Authored by RSM US LLPA report released on Wednesday by Giving USA shows that donations to charity fell to $499 billion last year, a 3.4% decrease from 2021. The decline...
by RSM US LLP | Aug 1, 2023
< Back to the Insights Gallery Private foundation do's and don'ts: Common self-dealing issuesARTICLE | August 01, 2023Authored by RSM US LLPPrivate foundations generally may not engage in transactions with disqualified persons (DPs), even under terms that are...
by RSM US LLP | Jul 25, 2023
< Back to the Insights Gallery IRS clarifies employee retention credit guidanceARTICLE | July 25, 2023Authored by RSM US LLPExecutive summary:As part of its ongoing enforcement efforts related to Employee Retention Tax Credit (ERTC) claims, the IRS has released...
by RSM US LLP | Jul 25, 2023
< Back to the Insights Gallery IRS provides guidance for required minimum distributions for SECURE 2.0 ActARTICLE | July 25, 2023Authored by RSM US LLPExecutive summary: Notice 2023-54On July 14, 2023, the IRS issued Notice 2023-54. The notice announced that the...
by RSM US LLP | Jul 20, 2023
< Back to the Insights Gallery Tax Court once again denies related party bad debt deductionARTICLE | July 20, 2023Authored by RSM US LLPExecutive summary: Allen v. Comm’r and the importance of properly documenting debtThe Tax Court has yet again denied a taxpayer’s...
