The Inflation Reduction Act, which was passed last summer, established the corporate alternative minimum tax. On December 27, the IRS and the Treasury…
The Inflation Reduction Act’s tax provision is addressed in interim guidance set forth in Notice 2023-2. The IRS and Treasury Department…
The rate for the second half of 2022 is set at $65.5 per mile driven for business purposes, an increase of 3 cents from the midyear increase. The…
The IRS considers the calendar year 2022 to be a transition year for the lower reporting threshold of more than $600. The IRS announced on Wednesday…
