RICHARD CAMP, CPA, PA

No “Away from Home” Travel Deductions Allowed for Contract Employee

The Tax Court held that a taxpayer who worked at...

Changes to Luxury Autos: New Depreciation Schedule and Lease Inclusion

IRS Provides Luxury Auto Depreciation Limits and Lease Inclusion Amounts...

CPEOs Cannot Treat Self-Employed Individuals and Partners as Employees

CPEOs Can't Be Used to Transform Self-employed Individuals and Partners...

Penalty Relief for Underpayment of 2018 Estimated Taxes

The IRS modified previous guidance, which had waived the penalty...

Employee Benefits

IRS No Longer Intends to Amend RMD Rules: In Notice 2019-18, the...

Automobile Depreciation Changes

IRS Provides Safe Harbor Accounting Method for Automobile Depreciation Deductions...

IRS Pub. Includes New Schedules to Help Calculate Sec. 199A Deduction

The IRS issued a Publication 535 Draft Worksheet for tax...

IRS Guidance Clarifies Certain TCJA Property-Related Changes

IRS Guidance Clarifies Certain TCJA Property-Related ChangesThe IRS clarified, and...

Country Club Can’t Deduct Nonmember Event Losses from Investment Income

Country Club Can't Deduct Nonmember Event Losses from Investment Income...

Social Security Benefits to Increase 2.8 Percent in 2019

Social Security Benefits to Increase 2.8 Percent in 2019; Maximum...