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Washington Hotline – January 14, 2020

WASHINGTON NEWS Gig Economy Tax Center Launched In IR-2020-4, the Service announced the new Gig Economy Tax Center on IRS.gov. With the explosive growth of ride-sharing, home rentals and other gig businesses, millions of taxpayers have gig income and new tax obligations. Ride-sharing, renting your property, selling goods online, renting equipment, providing creative services or freelance […]

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Washington Hotline – January 7, 2019

WASHINGTON NEWS IRS Publishes 2020 Business, Moving, Medical and Charitable Mileage Rates In Notice 2020-5, the IRS announced mileage rates for use in computing deductability in 2020. The 2020 mileage rate for business is 57.5 cents per mile. The rate is 17 cents per mile for moving and medical travel. For qualified charitable travel, the […]

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