Here’s what taxpayers should know about penalty relief

Here’s what taxpayers should know about penalty relief   Taxpayers who make an effort to comply with the law, but are unable to meet their tax obligations due to circumstances beyond their control may qualify for relief from penalties. After receiving a notice stating the IRS assessed a penalty, taxpayers should check that the information […]

Recent changes to moving, mileage and travel expenses

Recent changes to moving, mileage and travel expenses The Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses: Move-related vehicle expense The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the suspension, no deduction is allowed for use of an auto […]