If you made payments to non-employees during the calendar year, you may be required to issue Form 1099 informational filings. The Internal Revenue Service requires that taxpayers engaged in a trade or business issue a…
A year-end governmentwide spending bill includes the extensions of almost all of the tax “extenders.” It also introduces the Setting Every Community Up for Retirement Enhancement (SECURE) Act, the first major retirement-related legislation since 2006.
Do you or your employees deduct transportation expenses for operating an automobile for business purposes? If so, learn about recent IRS guidance on optional standard mileage rates.
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?