Legitimate tax write-offs are critical to growing your business and maximizing your company’s bottom line.
One area we’ve found challenging to some of our clients over the years is providing the right documentation to substantiate sizable charitable contributions.
If you want to send up a red flag to the IRS, just give someone money out of the goodness of your heart with no strings attached.
It will take at least two years for the IRS to figure out how to improve the accuracy of employee withholding.
IR-2018-172 was designed to clarify the impact that state and local tax credits have on the federal tax rules for charitable contribution deductions.