IRS Waives Tax Withholding Penalty for Certain Taxpayers

The IRS issued welcoming news for taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year. The penalty waiver applies to most taxpayers who paid at least 85% of their total tax liability...

2019 Standard Mileage Rates Released

The IRS released the optional standard mileage rates for 2019. Most taxpayers may use these rates to compute deductible costs of operating vehicles for: •    business, •    medical, and •    charitable purposes. Some members of the military may also use these rates to...