Whether you are having a good year, rebounding from recent losses, or still struggling to get off the ground, you may be able to save a bundle on your taxes if you make the right moves before the end of the year.
Read moreIRS issues 2018–2019 per-diem rates
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.
Read moreMeals continue to be deductible under new IRS guidance
The IRS issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under Sec. 274 made by the tax law known as the Tax Cuts and Jobs Act (TCJA).
Read moreHow the Tax Cuts and Jobs Act Affects Charitable Givers
If you are a charitable giver, the Tax Cuts and Jobs Act (TCJA) can make it more difficult to gain tax benefits from your generosity. However, there are ways to work around the issue. Here are some items to consider.
Read moreReporting Undisclosed Foreign Assets
On March 13, the IRS announced that it will close the Offshore Voluntary Disclosure Program (OVDP), effective September 28, 2018.
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