by Andrews Tax Accounting & Bookkeeping | Jul 17, 2026 | Educational
Mid-Year Tax Changes Include Mileage Rate, Sales Tax The start of July has brought with it some mid-year tax changes. And as you might expect, there’s good news and bad news. Mid-Year Tax Changes: The Good News The IRS has announced that they have raised the standard...
by Andrews Tax Accounting & Bookkeeping | Jul 11, 2026 | Educational
Automatic Exemption from Penalty Coming for Good-Standing Taxpayers The IRS is using the summer of 2026 to roll out the new Automatic Exemption from Penalty (AEP) program. AEP eliminates the need to manually request first-time penalty relief. The IRS AEP designed to...
by Andrews Tax Accounting & Bookkeeping | Jul 3, 2026 | Educational
Federal Gift Tax: Who Pays It and When Gift tax is the source of a lot of misunderstandings. Not the least of which is who pays the tax on a gift. Who Pays the Tax? Contrary to widely held opinion, it is the giver, not the recipient, who pays federal tax on a gift....
Recent Comments