News & Helpful Information

Businesses should know the tax rules for deducting depreciation on certain property. This deduction can benefit eligible business taxpayers. The Tax Cuts and Jobs Act made changes to the rules around depreciation that will affect many businesses.

Keeping good records is an important part of running a successful business.

Taxpayers needing more time to file their taxes can get an automatic six-month extension from the IRS.

As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents.

The IRS warns taxpayers to be vigilant and avoid the growing problem of unethical tax return preparers.

Safe harbor enables many rental real estate owners to claim deduction.

IRS states it’s waiving the estimated tax penalty for many taxpayers whose 2018 withholding / estimated tax payments fell short.

Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled.

The Internal Revenue Service today reminded retirees born before July 1, 1948, that they usually must take distributions from their individual retirement arrangements (IRAs) and workplace retirement plans by Dec. 31.

After a disaster, many business owners might need to reconstruct records to prove a loss. This may be essential for tax purposes, getting federal assistance, or insurance reimbursement.