Marriage is an exciting milestone, but it can also affect a couple's tax situation. Here are some simple steps after the wedding that can help make filing next year's tax return easier. Report a name change If either person changes their name, it should be reported to...
Organizations that reimburse employees for business use of their personal vehicles have an important midyear update to make. Effective July 1, 2026, the IRS optional standard mileage rate increased from 72.5 cents to 76 cents per business mile. The 3.5-cent increase...
Taxpayers who discover an error after filing a federal tax return may need to file an amended return. There are some instances where an amended return isn’t required such as when the IRS corrects errors during processing or requests missing forms or schedules...