Can Over-the-Road Truck Drivers Establish a Tax Home?

With the tax deadline steadily approaching, taxpayers should begin to assess their business expenses to determine if they are eligible for any itemized ... read more >

After You Buy a Round, Don't Forget the Receipt: What You Need to Know for Your Meals & Entertainment Expenses

When we are in entertainment mode, we take pride in buying a round of drinks for our friends. However, you should not forget the receipt and remember who ... read more >

IRS Withdraws Proposed Regulations for Substantiating Charitable Contributions

On November 11, 2015, we posted “our thoughts” on new rules for substantiating charitable contributions proposed by the Internal Revenue Service. ... read more >

Enhanced Research and Development Benefits to a Small Business

Tax

By Douglas Papa

Small business taxpayers may get new benefits in 2016 relating to research and development tax credits. For tax years beginning after December 31, 2015, ... read more >

Updating Your Retail or Restaurant Space? What You Need to Know About IRS Revenue Procedure 2015-56

Retail|Tax

By Carl Scharf

It appears that everywhere we look businesses operating in the retail and restaurant industry are remodeling or refreshing their space in order to stay ... read more >

Lower Refunds on Excise Tax for Propane Users

On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes Act (PATH), which made permanent certain tax provisions that ... read more >

Record Low Oil Prices Affect Standard Mileage Rate and Social Security Benefits

Oil prices continue to plummet due to record production and weak demand. Production increases in North America are attributable to the various shale plays ... read more >

Tax Extenders Impact on the Manufacturing Industry

After months of speculation and delay on the "tax extenders" legislation, the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) was ... read more >

Attention Educational Institutions: IRS Announces Penalty Relief for 2015 Forms 1098-T

On January 7, 2016, the Internal Revenue Service (IRS) announced that it will not impose penalties on Form 1098-T, Tuition Statement, filed by eligible ... read more >