JBC BLOG

Disproportionate distributions in S corporations can trigger unintended tax consequences and even loss of S status. Learn where the risks arise and how strategic planning can preserve compliance [...]

Revocable living trusts are widely used and widely misunderstood. This article explains what revocable trusts actually do, what they don’t do, and why proper design, funding, and coordination [...]

Learn how unusual grants can affect public charity status, the public support test, Form 990 reporting, and when an IRS ruling may be worth considering.

Most people use their HSA like a medical debit card, but the account is capable of much more. With a rare triple tax advantage and flexible reimbursement rules, the HSA can serve as a powerful [...]

AI is making tax scams more convincing and harder to detect, using deepfakes, voice cloning, and personalized messages to exploit busy teams during tax season.

The IRS Individual Online Account gives taxpayers secure, year-round access to tax records, balances, payments, and official notices all in one place. Read on to discover how this powerful tool [...]

Estate planning discussions often focus on the federal estate tax exemption, but most families face different challenges when transferring wealth. Probate fees, state-level taxes, capital gains [...]

Notice 2025-72 issues guidance on foreign tax rules tied to the one-month deferral repeal and updates the section 987 amortization election.

A new federal requirement will eliminate most paper checks for tax payments and refunds starting with 2025 returns. Here’s what this transition to electronic payments means, how refunds will be [...]

The revised instructions address changes to the treatment of §174A domestic research expenditures and align with prior IRS guidance and clarifications on reporting requirements.

The IRS has introduced a new federal income tax deduction for qualified overtime compensation, effective for tax years 2025 through 2028. Eligible workers can deduct up to $12,500 (or $25,000 on [...]

S-corporations are one of the most frequently discussed (but often misunderstood) tax structures for small business owners. While they can offer real savings on self-employment taxes, the [...]

Car loan interest deduction, OBBBA and IRS proposed rules—learn who qualifies, income limits, vehicle requirements and what it means for taxpayers.

RSM US outlines IRS guidance in Notice 2026-11 on restored 100% bonus depreciation and key timing and eligibility rules.

The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property [...]

For most people, tax season brings a quiet panic about what they might be forgetting and a last-minute rush to pull everything together before the deadline. But it doesn't have to be that way. [...]

Whether you’re an individual taxpayer or business owner, preparing early for tax time can reduce delays, minimize errors, and help your tax pros do their best work on your behalf. Our team has [...]

The IRS and Congress have enacted tax law changes and regulatory updates that take effect this month and will impact individual taxpayers, employers, retirement plan sponsors, and businesses of [...]

Stay current on 2025 year-end and 2026 payroll tax updates: SUI, FUTA credit reductions, social security limits, paid leave, and OBBB changes.

Learn how basis and at-risk amounts work together to determine loss deductibility in partnerships and S corporations, and why tracking both is essential for compliance and tax planning.

Nonprofit organizations pursuing solar energy projects face compressed timelines and new compliance hurdles under the One Big Beautiful Bill Act (OBBBA). This article outlines critical deadlines, [...]

Hiring your child in your business can offer powerful tax advantages while teaching financial responsibility and supporting long-term wealth planning. Learn how to structure it properly, avoid [...]

Explore essential 2025 year-end tax strategies for businesses, updated for the One Big Beautiful Bill Act (OBBBA). From QBI planning to bonus depreciation, entity structure, and reporting [...]

New 2026 IRS retirement plan limits and rules boost savings for 401(k)s, IRAs, Roth IRAs, SIMPLE IRAs, and the Saver's Credit.

RSM explains how workforce compliance can serve as a strategic lever for people leaders to align workforce management with risk, growth and operational efficiency.