More Time to Replace Livestock due to Drought

Bob Williams - October 09, 2018

While too much rain due to tropical storms and hurricanes has been the big news in the eastern U.S. recently, out west, the problem has been not enough rain. Many farmers and ranchers have had to sell off their herds of livestock because of the dry conditions.…

IRS Addresses Deduction for Business Meals

Ryan Norton - October 03, 2018

While the Tax Cuts and Jobs Act removed the deduction for entertainment that many businesses enjoyed in years past, the IRS announced Notice 2018-76, which outlines when business owners can deduct half of the price tag for business meals.…

New Tax Transcript Now Online

Bob Williams - October 01, 2018

A revamped tax transcript is now available for individual taxpayers and tax professionals. The IRS previously announced the improvements to the transcript design, which is aimed at making the product more secure.…

Tax Changes Pose Risk of Delayed Tax Season, Study Finds

Bob Williams - September 28, 2018

The Inspector General for Tax Administration (TIGTA) has found that the numerous changes put forth in the tax cut legislation pose a risk of delaying the 2019 filing season.…

SC Hurricane Victims Get IRS Relief

Bob Williams - September 27, 2018

Victims of Hurricane Florence in South Carolina have gotten something they haven’t seen in recent weeks: good news. The IRS has included affected taxpayers in the Palmetto State in its tax relief measures in the wake of the disaster.…

IRS Extends Relief to Hurricane Florence Victims

Bob Williams - September 17, 2018

The Internal Revenue Service has announced relief measures now available to taxpayers impacted by Hurricane Florence.…

IRS to Small Businesses: Don’t Forget Quarterly Estimated Tax Payments

Ryan Norton - September 10, 2018

The IRS issued several withholding notifications throughout the year, including a four-part series advising small businesses to make timely estimated quarterly tax payments.…