You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it will reduce inflation in the near future,…
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ARTICLE | August 25, 2022 Authored by RSM US LLP Tax increases and IRS funding commitments in the Inflation Reduction Act of 2022 are intended to affect larger corporations and…
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TAX ALERT | August 25, 2022 Authored by RSM US LLP Executive Summary The IRS released Notice 2022-36 providing relief for certain taxpayers from certain failure to file penalties and…
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If you’re a business owner working from home or an entrepreneur with a home-based side gig, you may qualify for valuable home office deductions. But not everyone who works from…
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When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS…
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The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign the bill into law shortly. The IRA includes significant provisions…
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