On 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.

The actions taken throughout the life cycle of a real estate investment determine whether specific real estate is held for investment or held as dealer property.

When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.

The application of sales and use tax to the activity of exempt organizations is complex and nuanced. RSM state tax and exempt organizations specialists explain what you need to know.

Modernizing business processes has never been more crucial for mission-driven organizations. Key indicators let nonprofits know it may be time to upgrade their technology.

Estate planning is an essential part of financial planning for all individuals, regardless of age or asset level. Learn which documents are essential for any estate plan and about other estate planning tools that may benefit you depending on your circumstances. 

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.

This article examines the various federal income tax issues, both from the individual and entity level, to be mindful when an owner of a passthrough entity dies.

For many teenagers, summer often means a time for family barbecues, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications of their child’s income. In this article, we’ll provide an overview of what tax filings may be required for your working teenager.