Service: Tax

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

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

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

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

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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.

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

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

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