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A recent tax court case once again illustrates the point that written contemporaneous mileage logs are virtually a requirement to claim a deduction for business mileage. The taxpayer’s job required him to respond to emergencies, such as floods and hurricanes that...

The FBI issued a Public Service Announcement (PSA) on May 25 recommending that any owner of small office and home office routers reboot their devices. Foreign cyber criminals have compromised hundreds of thousands of home and office routers and other networked devices...

States often impose a sales tax on the purchase of consumer goods. The tax is generally collected by the seller of the consumer goods when a customer makes a purchase. The seller then remits the tax that is collected to the state taxing authority. If for some reason...

The U.S. Supreme Court has issued a ruling on a criminal case involving obstruction and interference with the administration of tax law. The ruling illustrates the difference between being guilty of a felony vs. being subject to civil penalties. IRC section 7212 makes...

As the filing deadline approaches next month, the Internal Revenue Service today reminds taxpayers that more than 70 percent of them qualify for free tax filing with IRS Free File.

The Consumer Financial Protection Bureau has published the 2018 list of rural and underserved counties and a separate 2018 list that includes only rural counties.

The tax provisions contained in the new law apply to the disaster zones and areas declared by the President prior to September 21, 2017, and prior to October 17, 2017 for hurricane Harvey and hurricane Irma.

Premiums paid for acquisition indebtedness for insurance contracts issued after December 31, 2006 on a first or second home are treated as deductible mortgage interest, subject to phaseout rules.