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Are your employees traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective on October 1,

If you own a valuable piece of art, or other property, you may wonder how much of a tax deduction you could get if you donated it to

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2021. Keep in mind that this list isn’t all-inclusive, so

Thanks to low interest rates and other factors global merger and acquisition (M&A) activity has reached new highs in 2021, according to Refinitiv, a provider of financial data.

There may be a more cost-effective way to pay for health care, given the escalating costs. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way

If you use an automobile in your trade or business, you may be wondering how depreciation tax deductions are determined. The rules are complicated, and special limitations that

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of

Here are three tax breaks for small businesses to consider. 1. Claim bonus depreciation or a Section 179 deduction for asset additions Under current law, 100% first-year bonus

A business may be able to claim a federal income tax deduction for a loss due to theft. But does embezzlement count as theft? In most cases it

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires, and other disasters. No matter where you live, unexpected disasters may cause damage to

In order to prepare for a business audit, an IRS examiner generally does research about the industry and issues on the taxpayer’s return. Examiners may use IRS “Audit