Tax relief bill passes House, faces uncertain fate in SenateBy RSM US LLP | February 1, 2024Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate.Read more...
IRS releases guidance on PIN requirement for energy efficiency home improvement creditBy RSM US LLP | January 31, 2024The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C.Read more...
IRS will use AI to help target partnerships and high net worth individualsBy RSM US LLP | December 8, 2023The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.Read more...
IRS establishes program to allocate solar and wind capacity limitationBy RSM US LLP | February 17, 2023IRS and Treasury establish program for increased credits for energy projects for low-income communities.Read more...
IRS releases fact sheet regarding residential energy creditsBy RSM US LLP | January 10, 2023A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.Read more...
An update on the tax policy landscape against inflation backdropBy RSM US LLP | May 30, 2022The tax policy landscape in Washington remains unsettled as we approach the summer months, while inflation remains the dominant economic issue. Within the context, we look at what's currently on the legislative agenda for Congress.Read more...