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Archive for the ‘IRS’ Category

New tax law revised family tax credits

More families will be able to get more money under the newly-revised Child Tax Credit, according to the Internal Revenue Service. Additionally, the IRS has recently updated a special page on its website with steps to take now for the 2019 tax filing season. (more…)

IRS Criminal Investigation releases Fiscal Year 2018 Annual Report

The Internal Revenue Service today released the Criminal Investigation Division’s (CI) annual report, reflecting significant accomplishments and criminal enforcement actions taken in fiscal year 2018. (more…)

Depreciation limits on luxury automobiles

The Tax Cuts and Jobs Act changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. (more…)

Small businesses expense more expand bonus depreciation

The Internal Revenue Service reminds small business taxpayers that changes to the tax law mean they can immediately expense more of the cost of certain business property. Many are now able to write off most depreciable assets in the year they are placed into service. (more…)

Your gift means a great deal – make sure it’s real

Want to check on an organization’s tax-exempt status? Try the IRS Tax Exempt Organization Search (TEOS) tool.

Low-income housing units offered to displaced victims recent disasters

Low-income housing units nationwide may be offered to displaced victims of Hurricanes Michael and Florence, other recent disasters

The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income. (more…)

Small business, self-employed should plan now for new changes

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With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the new tax law changes may affect them. (more…)