IRS updates guidance for deductible business, charitable, medical and moving expenses. . . Last week, the Internal Revenue Service posted Revenue Procedure 2019-46, which issued guidance for taxpayers with deductible expenses of operating a motor vehicle for business, charitable, medical…
Reminder: Quarterly payroll tax return due date of October 31st is approaching. With the October 31st quarterly payroll tax return due date just two days away, the Internal Revenue Service urged business owners to file their returns electronically and take advantage of the…
According to the IRS, virtual currency is “a digital representation of value that functions as a medium of exchange…” However, it does not have legal tender status in any jurisdiction of the United States. Virtual currency is used similarly to…
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