IRS Increases the Small Business De Minimis Safe Harbor Deduction to $2,500
The de minimis safe harbor allows businesses to currently deduct the cost of personal property items they use in their business.
IRS Announces Standard Mileage Rate For 2016 (Effective Jan 1, 2016)
The IRS lowered the standard mileage rate for business use of a vehicle for 2016.
IRS Changes Installment Agreement Fees Effective 2017
Under the fee schedule, the highest fee goes up while new online options offer discounts.