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WASHINGTON — The Internal Revenue Service recently issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car...

The 2019 version of Form W-4, Employee’s Withholding Allowance Certificate, was released by the Internal Revenue Service recently. The 2019 form is similar to the 2018 version of the form now in use and retains the use of withholding allowances. You can access this new...

WASHINGTON ― The Internal Revenue Service is reminding employers that the deadline for filing employee Forms W-2, Wage and Tax Statement, for calendar year 2017 is January 31, 2018. This includes Forms W-3, Transmittal of Wage and Tax Statements. In addition, reporting payments to contract workers...

The IRS has announced the following cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2018 tax year [IR 2017-177; Notice 2017-64, 2017-45 IRB ]. Elective deferrals. The limitation on the exclusion for elective deferrals under Code Sec. 402(g)(3) will increase...