Tag: IRS

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IRS Issues 2019 Optimal Standard Mileage Rates

IRS News Release IR-2018-251: On December 14, 2018, the Internal Revenue Service issued the 2019 optional standard mileage...

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Realization of Income for IRS Purposes

Tax law can be overwhelming for many people in the business sector. To combat uneasiness and create a...

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Court Orders Couple’s Property Sold to Satisfy Husband’s Delinquent Taxes

In United States v. Davis, the Sixth Circuit Court of Appeals upheld the district court’s order allowing the...

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IRS Announces 2016 Mileage Rates

Each December, the IRS sets the mileage reimbursement rate for the following year. If businesses choose to reimburse...

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Mind Control, Worthy of Tax Exemptions?

The IRS recently denied tax-exempt status to a group dedicated to “protecting the human rights of defenseless victims...

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New IRS Tipping Rules Took Effect January 1, 2014 with Negative Consequences to Both Hospitality Employers and Their Employees

New IRS Tipping Rules Took Effect January 1, 2014 New IRS tipping rules took effect on January 1,...

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Introduction to the 1031 Exchange

LIKE KIND EXCHANGES UNDER INTERNAL REVENUE CODE SECTION 1031 Prior to 2000, the real estate market was so...

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Federal Court Ruling Diminishes Michigan Property Rights

One of the bedrock principles of Michigan property law is that property held jointly by husband and wife...

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IRS Offers Partial Amnesty Over Independent Contractors

Misclassification of employees is a hot enforcement topic for the IRS. Determining whether a worker should be classified...

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2009 Federal Tax Benefit for Qualifying Contributions for Haitian Earthquake Relief

The Internal Revenue Service is making a one-time, extraordinary allowance to taxpayers who make qualifying contributions for Haitian...

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