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TAX CLINIC
Practical advice on current issues.
Editor:
Mo Bell-Jacobs, J.D.
Contributors are members of or
associated with RSM US LLP.
For additional information about
these items, contact the author(s)
at the email address(es) listed at the
end of each item.
6 April 2023
In This Department
CREDITS AGAINST TAX PRACTICE &
Inflation Reduction Act of 2022: PROCEDURES
Prevailing wage and apprenticeship Is a substitute for return a return?
requirements; p. 7. Understanding the statute of
limitation for credits and refunds;
EMPLOYEE BENEFITS & p. 21.
PENSIONS
The new participant-linked STATE & LOCAL TAXES
emergency savings accounts under PTE deduction: Timing issues for
SECURE 2.0; p. 9. accrual-method taxpayers; p. 23.
ESTATES, TRUSTS & GIFTS TAX ACCOUNTING
Estate planning and income tax: Assessing the need for a
10 questions to consider; p. 11. valuation allowance; p. 24.
EXPENSES & DEDUCTIONS Improve a business’s fixed-asset
Determining compensation management with technology;
deductions in M&A transactions; p. 26.
p. 15.
GROSS INCOME
A primer on cancellation-of-debt
income and exclusions; p. 17.
PARTNERS &
PARTNERSHIPS
Navigating partnership
continuations; p. 19.
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