Tax Updates

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business...

The bill passed Friday night to avert a federal government shutdown didn’t include a one-year extension to the deadline for...

U.S. and foreign taxpayers alike can choose to conduct cross-border business through a variety of business entities. A business entity...

Sec. 1(h)(1) generally provides that an individual taxpayer’s net capital gain for any tax year is subject to a prescribed...

The IRS will accept certain e-filed returns that claim dependents who have already been claimed on another taxpayer’s return, a...