Business Lawyer Info

If you owe tax, the IRS offers safe and easy ways to pay. Check out these payment tips: To find out more see Publication 594, The IRS Collection Process. You can get it on IRS.gov/forms at any time.

When you need tax help, the IRS has many online tools that are easy to use. You can e-file your tax return free, check your refund’s status or get your tax questions answered. Use tools on IRS.gov any time of day or night. Here’s a list of popular self-help tools that millions have used to … Read more

Businesses that use a car or other vehicle may be able to deduct the expense of operating that vehicle on their taxes. Businesses generally can use one of the two methods to figure their deductible vehicle expenses: For 2019, here are the standard mileage rates for calculating the deductible costs of operating an automobile for business, … Read more

Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deductionThe Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction). The new QBI deduction, … Read more

UPDATE:  A federal judge has ruled the Affordable Care Act (ACA or Obamacare) is unconstitutional because Congress, in the Tax Cut and Jobs Act, eliminated the tax penalty under the individual mandate for those who do not maintain health care insurance. The case is likely to go the Supreme Court. Explanation: Under the USA constitution the … Read more

The Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: The business mileage rate … Read more

For private corporations and their employees, IRS provides initial guidance on new tax benefit for stock options and restricted stock unitsThe Internal Revenue Service issued Notice 2018-97 offering guidance on a recent tax law change that allows qualified employees of privately-held corporations to defer paying income tax, for up to five years, on the value of qualified … Read more