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Articles and News
Internal Revenue Service Standard Mileage Rates
2019 Internal Revenue Service (IRS) Standard Mileage Rates.
Taxation of Alimony
Taxation of alimony under Trump’s tax plan and prior tax law with an analysis of divorce and taxation pursuant to Alabama state law.
Tax Deductions for Business Owners
The 20% deduction for pass-through entity owners and planning strategies.
Tax Reform for Businesses
The recently enacted tax reform bill has made significant changes to the taxation of business. This post summarizes some of the more substantial changes.
Change in Individual Tax Rates Under Tax Reform Plan
Change in Individual Tax Rates under Trump Tax Reform Law
IRS Tax on Employer Owned Life Insurance
Employer-owned life insurance policies issued after August 17, 2016 are subject to taxation by the IRS unless they qualify for an exception.
Taxes on Using Ebay and Paypal
Sellers who use Ebay and Paypal or other payment processors may receive Form 1099-Ks.
Net Investment Income Tax
The NIIT applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.