Service: Tax

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.

  • Posted in Insights
  • Comments Off on House passes infrastructure legislation; sends bill to President Biden

House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.

  • Posted in Insights
  • Comments Off on House Ways and Means releases reconciliation tax payfors

Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.

  • Posted in Insights, Uncategorized
  • Comments Off on Senator Wyden’s draft proposals target partnership tax rules

IRA beneficiaries can now be stuck with a very tax-inefficient asset after the owner’s death. Learn the solution.

  • Posted in Insights, Uncategorized
  • Comments Off on Using a charitable remainder trust (CRT) to replace the stretch IRA

Technology at the center

by RSM US LLP

Family offices can strengthen backup processes and increase efficiency and scalability by implementing finance and accounting outsourcing.

A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.

  • Posted in Insights
  • Comments Off on The IRS takes aim at high net worth individuals

The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.

  • Posted in Insights
  • Comments Off on IRS issues procedural guidance for the new revenue recognition rules