(authored by RSM US LLP) Explore the tax implications of debt cancellation across different entities with our introductory guide on CODI. The post Tax effects of cancellation of debt across different entities first appeared on LaPorte ..read more

(authored by RSM US LLP) Audit rates on large corporations to increase threefold, per newly released IRS roadmap for spending Inflation Reduction Act funds. The post IRS releases plan to triple its audit rates on large corporations first appeared on LaPorte ..read more

(authored by RSM US LLP) SECURE 2.0 provides new opportunities for plan participants to take retirement distributions without incurring early withdrawal penalties. The post New retirement plan distribution options introduced by SECURE 2.0 first appeared on LaPorte ..read more

(authored by RSM US LLP) House Ways & Means Committee Chairman Jason Smith (R-MO) and House Tax Subcommittee Chairman Mike Kelly (R-PA) recently announced the formation of 10 "Committee Tax Teams". Each team will address key tax provisions from the 2017 Tax Cuts and Jobs Act (TCJA) that are set to expire in 2025 and identify legislative solutions. The post The journey to 2025 tax reform begins first appeared on LaPorte ..read more

(authored by RSM US LLP) To ensure cybersecurity preparedness, boards need to transform their perception of cybersecurity governance into reality. The post Cybersecurity perception is reality until facts intervene first appeared on LaPorte ..read more

(authored by RSM US LLP) Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity. The post Credits and incentives available to retirement plan sponsors first appeared on LaPorte ..read more

Background In 2021, Congress enacted the Corporate Transparency Act (CTA) which requires enhanced reporting of beneficial ownership in reporting companies. Most businesses will be subject… The post Corporate Transparency Act: Beneficial Ownership Reporting first appeared on LaPorte ..read more

(authored by RSM US LLP) IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect. The post The IRS urges businesses to review ERC claims for 7 common red flags first appeared on LaPorte ..read more

For years, employee benefit plans (EBPs) have been under a regulatory microscope. Recently, the Department of Labor (DOL) issued a report, Audit Quality Study, November… The post The Importance of Choosing a Quality Auditor for Employee Benefit Plans first appeared on LaPorte ..read more

(authored by RSM US LLP) As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance. The post Remote workforces are complicating state tax nexus and withholding first appeared on LaPorte ..read more