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IRS opens determination letter program for 403(b) plans

Revenue Procedure 2022-40, allows 403(b) retirement plans to use the same individually designed retirement plan determination letter program currently ...

IRS makes statements on CARES Act Employee Retention Tax Credit risks

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 ...

California Individual Middle Class Tax Refund

California Individual Middle Class Tax Refund In June 2022, California lawmakers approved the Middle Class Tax Refund (MCTR) as a way to provide some ...

The dilemma of dealer or investor classifications for real estate

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

Avoid these common pitfalls when establishing a retirement plan

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

Sales tax considerations for exempt organizations

The application of sales and use tax to the activity of exempt organizations is complex and nuanced. RSM state tax and exempt organizations ...

5 signs your nonprofit needs to update its business processes

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

Essential estate planning documents

Estate planning is an essential part of financial planning for all individuals, regardless of age or asset level. Learn which documents are essential ...

The Inflation Reduction Act of 2022 proposes $80 billion in additional funding for the IRS

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 ...

Don’t Forget to File California’s Form SI-100 Secretary of State Statement of Information

  Don’t Forget to File California’s Form SI-100 Secretary of State Statement of Information Form SI-100, Statement of Information, is a one-page ...

Tax issues that arise when a shareholder or partner dies

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 ...

Pass-through entity elections are here to stay: What you need to know

Pass-through entity elections are creating tax planning complexity. This article explains what you need to know and what you should do next. ...