IRS raises valuation limit for employer-provided vehicles

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One of the most popular fringe benefits for employees at many…

WHAT IS AN IRS PENALTY ABATEMENT AND AM I ELIGIBLE FOR ONE?

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There are different types of IRS penalties that can be assessed…

WHY TAX BASIS IS SO IMPORTANT

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Article Highlights: Definition of Tax Basis Cost Basis …

What type of expenses can’t be written off by your business?

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If you read the Internal Revenue Code (and you probably don’t…

How entrepreneurs must treat expenses on their tax returns

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Have you recently started a new business? Or are you contemplating…

SO, YOU'VE MADE A MISTAKE ON YOUR TAX RETURN. WHAT HAPPENS NOW?

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Generally speaking, tax return mistakes are a lot more common…

Deducting business meal expenses under today’s tax rules

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In the course of operating your business, you probably spend…

Understanding how taxes factor into an M&A transaction

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Merger and acquisition activity has been brisk in recent years.…