Confusion on the deductability of meals expense

In early October, the IRS came out with guidance on the meals deduction. There was a great deal of confusion as to whether meals were still deductible under the new Tax Cuts and Jobs Act (TCJA). According to the IRS, you can still deduct 50% of the food and beverage expenses associated with your trade […]

IRS Introduces Email Notification Options for Direct Pay and EFTPS

The IRS has announced that it is now offering an email notification option for Direct Pay and the Electronic Federal Tax Payment System (EFTPS). This new feature sends notifications to taxpayers’ personal email accounts about their payments. EFTPS users can receive notifications about: Reminder to schedule payment Payment has been modified or canceled Payment has […]