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 [...]
Taxpayers can take steps now to Get Ready to file their taxes in 2020
Here are a few other things people can do now: Check their withholding and make any adjustments soon Since most employees typically only have a few pay dates left this year, checking their withholding soon [...]
IRS: Eligible employees can use tax-free dollars for medical expenses
With health care open season now under way at many workplaces, the Internal Revenue Service today reminded workers they may be eligible to use tax-free dollars to pay medical expenses not covered by other health [...]