The Internal Revenue Service recently issue guidance providing additional details about investment in qualified opportunity zones.
Read moreIRS Releases 2019 Qualified Retirement Plan Amounts
The Internal Revenue Service today announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Many of the limits applicable to pension and other retirement plans have increased:
Read moreTop 8 Year-End Tax Tips. Act before December 31 to increase your tax breaks
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).
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