The Treasury Department and the Internal Revenue Service today released the last set of final regulations implementing the 100% additional first-year depreciation deduction that allows businesses to write off the cost of most depreciable business assets in the year they are placed in service by the business.
IRS Finalizes Regulations for 100 Percent Bonus Depreciation Read More »
IRS provides final regulations on deductions for estates and non-grantor trusts, including excess deductions on termination
IRS Provides Final Regulations on Deductions for Estates Read More »
Victims of the Oregon wildfires and straight-line winds that began on Sept. 7 now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
IRS Provides Tax Relief for Victims of Oregon Wildfires Read More »
Farmers and ranchers who were forced to sell livestock due to drought may have an additional year to replace the livestock and defer tax on any gains from the forced sales, according to the Internal Revenue Service.
Drought-stricken Farmers, Ranchers Have More Time to Replace Livestock Read More »
Victims of Hurricane Sally that began on Sept. 14 now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments.
IRS Provides Tax Relief for Victims of Hurricane Sally Read More »
The Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return.
IRS Reminds Taxpayers of the Home Office Deduction Rules Read More »
The Internal Revenue Service reminds business owners and self-employed individuals of the employer credits available to them during COVID-19. These credits were specially created to help small business owners during this unprecedented time.
IRS Highlights Employer Credits for Businesses Read More »