Income Tax Withholding Tables for 2018 Released

The Internal Revenue Service (IRS) released updated income-tax withholding tables for 2018 in Notice 1036, published January 11, 2018.  These tables present changes made by the tax reform law enacted in December 2017.  The IRS has also published Frequently Asked...

IRS Begins to Send ACA Penalty Letters

The Internal Revenue Service (IRS) began sending ACA penalty letters (Letter 226J) in late 2017 to Applicable Large Employers (ALE), generally employers with 50 or more full-time or full-time equivalent employees. These letters cover the 2015 calendar year. The IRS...

IRS Announces Higher Standard Mileage Rate for 2018

The IRS has set the standard mileage rates for taxpayers to use in computing the deductible costs of operating an automobile for business, charitable, medical, or moving expense purposes for 2018. The notice also provides the amount taxpayers must use in calculating...