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U.S. charitable donations fell last year

U.S. charitable donations fell last year

< 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...
IRS clarifies employee retention credit guidance

IRS clarifies employee retention credit guidance

< 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...
Tax Court once again denies related party bad debt deduction

Tax Court once again denies related party bad debt deduction

< 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...