Posts by Buchbinder Tunick & Company

Standard Mileage Rates for 2019

The IRS just issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. These will go into effect on January 1, 2019. Follow the link below to learn more and please contact one of our tax partners with any questions or…

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Year-End Planning for the New Rules on Deductions

The sweeping Tax Cuts and Jobs Act (TCJA) makes many significant changes that will impact your year-end tax planning strategies. One of the biggest areas affected is planning for deductions. Itemizing: Will you or won’t you? When determining your year-end strategies, you first need to figure out whether itemizing will still be beneficial for you.…

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Tax-Exempt Organizations, Unrelated Business Income Tax and the New Tax Act

Author: Angela Juvelis, Audit Manager   Included in the Tax Cuts and Jobs Act of 2017 (the Act) is a provision which may have a significant impact on certain tax-exempt organizations. Tax-exempt organizations that provide qualified transportation fringe benefits (i.e. transit passes and parking) and on-premises athletic facilities are now required to pay an “unrelated…

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