It’s hard to believe that tax time is upon us once again. Just like the blooming daffodils and our Lancaster Country farmers preparing their fields for planting, tax time is a springtime ritual—even if no one celebrates it!
With that in mind, you probably landed on this article because you have nagging questions about working through various types of estate-related taxes. You’ve come to the right place, as we often cover taxing matters related to estate administration here on the blog.
While the phrase “the devil is in the details” is commonly used, its origins are unknown. However, it is pretty easy to imagine someone inventing it while dealing with the Internal Revenue Service. Sometimes even the simplest and seemingly minor mistakes will cause the IRS to cry foul and, in some instances, those mistakes can … Read more
Every year the IRS issues its Standard Mileage Reimbursement Rate, which determines the amount that can be used as a tax deduction for business travel. It also serves as a guideline for employers who reimburse their employees for miles driven. Standard Mileage Reimbursement Rate for 2018 As of January 1, 2018, the rate has been … Read more
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