On June 9, the IRS released Announcement 2022-13, which modifies Notice 2022-3, by revising the optional standard mileage rates for calculating the deductible cost of operating a vehicle for business, medical or moving expense purposes. ...
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At the tail end of 2021, the Internal Revenue Service (IRS) released new Schedules K-2 and K-3 effective for tax years beginning January 1, 2021. These schedules are designed to present a substantially greater amount ...
This information is current as of Sunday, November 21, 2021. On Friday, November 19, 2021, after the Congressional Budget Office (CBO) released its cost estimate for the bill, the House of Representatives passed H.R.5376, a ...
On Friday, November 5, 2021, the House of Representatives passed H.R.3684, a $1 Trillion bipartisan “Infrastructure Investment and Jobs Act”. The Senate had passed the same version of the bill on August 10, 2021 and ...
The House Rules Committee released a revised text of the “Build Back Better” bill H.R. 5376 on Thursday, October 28th. The revised bill eliminates some things, keeps some things the same, adds some new provisions ...
How often have you heard of a Tax Provision being “Taxpayer Friendly”? Few times, you say. Well, here’s one that may be beneficial to all taxpayers, but has not had the media coverage that it ...
On Wednesday, September 15, the Ways and Means Committee of the U.S. House of Representatives passed draft legislation proposing tax changes. It is far too early to know which provisions of the legislation, if any, ...
The due date for making 3rd quarter estimated tax payments for individuals and trusts is Wednesday, September 15th. Please consider making payments electronically on the IRS website at irs.gov/payments or via the Electronic Federal Tax Payment ...
A new program for QuickBooks or Intuit Online Payroll users is going live on August 1, 2021. The Work Number, which is a user-paid verification of employment database that was created by TALX Corp., a ...
In a highly anticipated decision, the U.S. Supreme Court on June 17 ruled by a 7-2 vote that the plaintiffs in the latest challenge to the Affordable Care Act (ACA) lacked standing to bring the ...
Texas taxpayers only have until Friday, May 28, 2021 to file their application (Texas Form 50-312 Temporary Exemption Property Damage by Disaster) along with supporting documentation to obtain temporary property tax relief on qualifying property ...
In response to the COVID-19 pandemic, the U.S. Congress enacted legislation providing economic relief to businesses through the paycheck protection program (PPP), which allowed businesses to secure forgivable loans in order to continue paying employees ...
