John Kristianson, Enrolled Agent and Associates

Tax Accounting Humor Friday

There have been concerns that making large gifts utilizing the temporarily increased unified gift-estate exclusion could have some negative repercussions after the exclusion goes back to a lesser amount in 2026. The IRS has issued taxpayer-friendly regulations that address the issue. Learn more.

Wednesday Wisdom

The Internal Revenue Service recently issued the 2019 optional standard cents-per-mile rates for business, medical and moving purposes. However, you may find it in your best interest to keep track of actual expenses for 2019.