At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit; and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest federal, state, and international tax news. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

TAX REFORM

Tax reform: Key provisions of the Tax Cuts and Jobs Act
Listen to our recorded webcast for highlights on tax reform.

The Tax Cuts and Jobs Act: Corporate tax considerations
New corporate tax rules provide benefits, take away significant deductions and generally adds complexity to the corporate tax system.

TRENDING IN TAX

Indiana-based online participant revenue properly sourced out of state
State erred by sourcing an online university’s revenue based on market sourcing rather than the location of its income-producing activities.

Key tax issues for real estate investors under new tax legislation
For real estate investors and businesses, the final tax reform bill makes several significant changes compared to prior law.

OEMs and suppliers may have unknown state tax exposure
Auto manufacturers and their suppliers may be unaware of state and local tax exposures created by their business activities.

DowDuPont receives IRS approval on spin-off issue
Analysis of shareholders’ ownership overlap with “net decrease” methodology avoids gain under section 355(e) for three spin-offs.

Capitol Hill

Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/tax-digest.html

Disclaimer

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please contact us directly.