Revenue Procedure 2019-26 includes different limits for purchased automobiles that are eligible for bonus first-year depreciation and some that aren’t. Read more
These rules are designed to help employers value an employee’s personal use of an employer-provided vehicle for income and employment tax purposes. Read more
Massachusetts explains that The Department of Revenue does not intend to comply with the repeal of partnership technical terminations. This stems from a TCJA measure which repeals technical terminations... Read more
There are still several outstanding uncertainties frustrating businesses and individual taxpayers. The Tax Cuts and Jobs Act contains several “glitches” that need legislative fixes. Read more
On November 2nd, the House Republicans released their proposed tax legislation. The proposal contains several changes to the tax code for individuals, businesses, and other organizations. Read more
