Tax reform put the screws to your state and local income tax deductions. Many states disliked that and have been putting together workarounds.
Often in an IRS audit, the examiner will ask for your mileage log at the beginning of the audit.
Tax reform changed the rules of the game when choosing your best tax structure. In looking over the possibilities, we note that a properly structured spousal partnership could be your best choice.
The new and improved Section 179 deduction gives you more ways to take advantage of immediate tax deductions.
If you have been thinking about the fitness of your employees and the possibility of a gym or other athletic facility, then you need to know the tax rules.
As you likely know by now, the Tax Cuts and Jobs Act created a 20 percent tax deduction under new tax code Section 199A.
As you likely know by now, your travel meals continue under tax reform as tax-deductible meals subject to the 50 percent cut. And tax reform did not change the rules that apply to your other travel expense deductions.
Tax professionals want tax deductions for business meals with clients and prospects. Business owners want those meals deductible, too. Add us to this list. We want that deduction for our clients (and, of course, for ourselves).