2017 is most certain to be a crucial year. With the election of Donald Trump as the president of the united states, many tax reforms are expected to impact the upcoming year. The IRS has issued several regulations in 2016 that affect corporate taxation, individual taxation, international taxation, health care and more. Looking ahead those recently passed regulations are expected to be amended or overturned to align with current administration tax policies. The current corpor

Mileage rates used to calculate the deductible costs of operating an automobile for business, medical or moving purposes has been revealed for 2017 by the IRS. Starting on January 1, 2017 the standard rate will be: - 53.5 Cents per mile for business miles driven - 17 cents per mile for for medical or moving expenses The rates has decreased compared to prior year and taxpayers always have the option to elect to deduct the actual cost of using their vehicle rather than using th