IRS makes statements on CARES Act Employee Retention Tax Credit risksBy RSM US LLP | October 31, 2022On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.READ MORE...
Proposed PFIC regulations revise reporting by US partnershipsBy RSM US LLP | February 10, 2022IRS issued proposed PFIC regulations which impact US partners with foreign assets held through US partnerships.READ MORE...
Important upcoming deadline for deferred payroll taxBy RSM US LLP | December 14, 2021The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.READ MORE...
IRS clarifies temporary deductibility of per diem meal expensesBy RSM US LLP | November 18, 2021The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.READ MORE...
IRS releases 2022 retirement plan limitationsBy RSM US LLP | November 5, 2021The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.READ MORE...
