Latest IRS Tax News

Small business vehicle deductions Small businesses can benefit from deducting vehicle costs on their taxes Businesses that use a car

Tax credit benefits employers who provide paid family and medical leave Tax reform legislation enacted in December 2017 offers a

Corporations will pay blended tax rate after tax reform Last year’s tax reform legislation replaced the graduated corporate tax structure with a

Depreciation is an annual income tax deduction. It allows a taxpayer to recover the cost or other basis of certain

Many farmers and ranchers will benefit from tax law changes brought about by last year’s Tax Cuts and Jobs Act. Here

Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships

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