December 19, 2024
The Internal Revenue Service today announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
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December 12, 2024
The Internal Revenue Service continues to open its Business Tax Account (BTA) to a growing number of business taxpayers, expanding the useful features available.
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December 11, 2024
The U.S. Senate recently unanimously passed the Federal Disaster Tax Relief Act of 2023 (H.R. 5863), designating a series of presidentially-declared disasters as qualified disaster events.
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November 21, 2024
The Internal Revenue Service is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer’s return.
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November 18, 2024
The Internal Revenue Service today announced that interest rates will decrease for the calendar quarter beginning Jan. 1, 2025.
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November 15, 2024
Recent events in middle and east Tennessee have prompted the president to declare federal disasters.
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November 15, 2024
When it comes to the reasons behind a charitable donation by a business, the non-tax drivers normally take center stage – from the altruistic goals of the company to the potential public relations benefits it affords them.
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November 4, 2024
The IRS recently issued final regulations (T.D. 10011) intended to modernize the process for the government's sale of taxpayers' property after its seizure by levy.
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November 1, 2024
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024.
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October 22, 2024
The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025.
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