Before the Tax Cuts and Jobs Act TCJA , taxpayers could generally deduct of business-related meal and entertainment expenses, and exceptions allowed bigger deductions in certain circumstances. The TCJA shifts... Read More >
Christopher C.L. NG MD, Inc. APC v. Comm r, T.C. Memo. - , the Tax Court held that a corporation, solely owned by a doctor who was also the corporation... Read More >
nbsp Expenses Old Rules Expenses New Rules Office Holiday Parties deductible deductible Entertaining Clients deductible No deduction for entertainment expenses Event tickets, deductible for face value of ticket anything above... Read More >
Many taxpayers have encountered individuals impersonating IRS officials in person, over the telephone and via email. Don t get scammed. We want you to understand how and when the IRS... Read More >
The IRS has announced a -day automatic extension of the due date for providing health coverage information reporting forms to individuals. Insurers, self-insured employers, certain other coverage providers, and applicable... Read More >
Depreciation and Section deductions are valuable tools to lower your taxable income. For , qualified new not used assets are eligible for first-year bonus depreciation. In addition, the maximum Section... Read More >
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