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Divided government: Impact on federal and state tax policy

November 21 @ 1:00 pm - 2:00 pm EST

Free
RSM CPE Webinars

Participants of the free live webinar will be eligible for 1 CPE credit.

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The prospect of a divided government beginning in January with the 118th Congress helps clarify how federal and state tax policy might take shape for the remainder of 2022 and through the next two years. Surprisingly tight margins will likely usher in a period of political gridlock and less-than-ambitious tax legislative accomplishments. Important decisions will need to be made by lawmakers, both in the coming weeks and over the next several years. Join our tax policy team as we break down the dynamics and consider the legislative landscape awaiting businesses in the new year.

Our discussion will focus on:

  • Likelihood of a year-end tax bill that could include TCJA-related cliffs such as the treatment of R&E costs under section 174, the interest deduction limitation under section 163(j) and 100% business expensing
  • Possible strategic priorities of a newly formulated Congress in 2023, and potential pressure points ahead
  • Implications of the midterms on the IRS’ new funding and emerging focus on audit and enforcement
  • How the new state legislative and gubernatorial landscape will affect state tax policy and legislation

Presenters
  • Dave Kautter
    Partner
    RSM US

    Dave Kautter, RSM’s federal specialty tax leader, oversees the firm’s federal specialty tax services in collaboration with regional and national practice leaders and fellow members of the firm’s tax leadership team.

  • Fred Gordon
    Senior Director
    RSM US

    Fred Gordon is senior tax policy leader in the national tax practice of RSM US LLP.

  • Gretchen Valentine
    Partner
    RSM US

    Gretchen Valentine is a partner at RSM US LLP with over 30 years of experience addressing the business and tax needs of public and private businesses and their owners.

  • Mo Bell-Jacobs
    Senior Manager
    RSM US

    Mo Bell-Jacobs is a senior manager specializing in state and local taxes in RSM US LLP’s Washington National Tax practice.

  • Patti Burquest
    Principal
    RSM US

    Patti Burquest is a principal in the tax controversy group at RSM US LLP. She joined RSM in 2011 and was the leader of RSM’s Washington National Tax team from 2017-2022.


Learning objectives

After attending this webcast, participants will be able to:

  • Explain the midterm election results
  • State how the top federal and state tax legislation efforts will be affected
  • Describe the impact on middle market businesses

CPE credits

Session may qualify for verifiable CPE for American CPAs. RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Group internet-based
Field of study: Taxes | CPE: 1.0 credits per webcast

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