[1] For more detail on the Milanez study, see Scott A. Hodge, “Contrary to ‘Fair Share’…
Category: Accounting, Tax & Payroll
Is Home Equity Loan Interest Tax-Deductible?
IR-2018-32, Feb. 21, 2018 WASHINGTON — The Internal Revenue Service today advised taxpayers that in many…
Recovery Rebate Credit
Most individuals eligible for the Recovery Rebate Credit have already received the full amount in two…
Health FSAs and dependent care assistance programs
Notice 2021-15 provides flexibility for employers in the following areas related to health FSAs and dependent…
Low Income Taxpayer Clinic List – IRS
Through the LITC Program, the IRS awards matching grants of up to $100,000 per year to…
2020 Marginal Income Tax Rates
IRS provides tax inflation adjustments for tax year 2020 The Internal Revenue Service today announced the…
IRS issues standard mileage rates for 2020
Beginning on January 1, 2020, the standard mileage rates for the use of a car (also…
Mileage Deduction
https://www.eitcoutreach.org/rideshare/how-to-claim-the-standard-mileage-deduction/
Cash Flow Statement
A cash flow statement is a report that details how a company receives and spends its…
Income Statement (P&L)
An income statement is a report that a company generates in order to communicate how much…