Income Tax
Over the Last Few Months, Wages Are Rising Faster Than Inflation
Pay is beginning to catch up in the race, and since May, has been rising faster than inflation after losing ground for more than two years.
Georgia Taxpayers in 28 Counties Get Extension Due to Hurricane Idalia
Affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period.
More People Are Paying the Net Investment Income Surtax These Days
The number of returns reporting the surtax has more than doubled and revenue from the tax has grown by $38 billion over the past decade.
How to Get a Tax Break for Temporary Work Assignments
The IRS often views business travel expense deductions with a healthy dose of skepticism. Consult with your professional tax advisor to ensure you’re on firm ground.
IRS Gives Guidance on New Corporate AMT
The guidance also provides general rules for determining a taxpayer's financial statement income and AFSI.
South Carolinians Get Tax Relief Following Tropical Storm Idalia
The IRS has granted tax deadline relief to South Carolina taxpayers impacted by Tropical Storm Idalia.
IRS Releases Initial Guidance on Section 174 Amortization
Notice 2023-63 includes interim rules on the capitalization and amortization of specified research or experimental expenditures.
4 Ways to Deduct Commuting Costs from Taxes
To qualify for transportation deductions, you must be traveling away from your tax home to a business location.