Tax Updates

Reporting companies covered by the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirement do not have to file...

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...