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IRS Waives 2018 Tax Penalty for Many Taxpayers

January 16, 2019 The IRS announced recently that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

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IRS Issues Standard Mileage Rates for 2019

December 14, 2018 The Internal Revenue Service recently issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

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