Cyber Monday shopping list should include safeguards against online thieves
For many shoppers, Cyber Monday kicks off the holiday season. For some online thieves, ‘tis the season to take advantage of having so many people shop online at once. They steal shoppers’ personal information and [...]
IRS launches Taxpayer First Act webpage, email
The Taxpayer First Act of 2019 expands and strengthens taxpayer rights. The Act also requires the agency to develop a comprehensive customer service strategy, modernize its technology and enhance its cyber security. The IRS is [...]
IRS updates per-diem guidance for business travelers and their employers
The Internal Revenue Service today issued guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act (TCJA). Revenue Procedure 2019-48, posted today on IRS.gov, updates the rules for using [...]
Final regulations confirm: Making large gifts now won’t harm estates after 2025
The Internal Revenue Service today issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 [...]
Four common tax errors that can be costly for small businesses
A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes around, it might be their tax [...]