IRS Updates Rules on Per Diem Rates
The IRS has updated its guidance to reflect changes made by the Tax Cuts and Jobs Act (TCJA) regarding the rules for determining the amount of an employee’s ordinary and…
The Importance of Proper Documentation to File Your Taxes
Today’s tax tip from the IRS is so relevant, we want to share. Providing the right documentation on the front end is so important to facilitating a complete, accurate, and…
If you sold a paperclip in another state is it taxable?
Check out the recent Nashville Business Journal article where Crosslin’s Jason Sweatt tackles questions regarding what’s taxable when you are conducting business in other states. Very informative! Contact Jason or…
What to Know About the SECURE Act
In December, the President signed the SECURE Act (Setting Every Community Up for Retirement Enhancement Act of 2019) into law, which makes changes to certain retirement plans. The SECURE Act…
IRS Issues Standard Mileage Rates
The IRS recently issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning Jan. 1,…
2019 YEAR-END TAX PLANNING – FOR INDIVIDUALS
Paying your individual income taxes likely represents one of the largest outlays of the year, but it also offers an opportunity for significant savings. Whether you have paid individual income…
2019 YEAR-END TAX PLANNING – FOR BUSINESSES
All businesses seek to reduce costs, and year-end tax planning presents the chance for significant savings that affect your bottom line. After substantial changes to the federal tax code, businesses…
Two million ITINs set to expire in 2019; apply soon to avoid refund delays
Taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal application soon. An ITIN is…
Year-End Tax Planning Guide for Businesses
Businesses of all sizes, across all industries, have been impacted by the monumental changes to the federal tax code. To maximize tax savings and ensure compliance with the new rules,…
Year-End Tax Planning Guide for Individuals
Nearly one year later, tax reform is still making headlines and we continue to learn more about its broad implications. Whether your previous tax filing posture was straightforward or complex,…
