Brady Ware News

Deductions and Work-Travel Programs

Foreign Students Can’t Deduct Travel Costs of Work-Travel Program The U.S. Court of Appeals for the District of Columbia Circuit, affirming the U.S. Tax Court, has held that foreign students who traveled to the United States as part of a work-travel exchange program couldn’t deduct their travel costs. Seasonal or Temporary Jobs Three students in…

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Rules for Business Gifts to Customers

What Are the Rules for Business Gifts to Customers? If your business gives gifts to customers, clients or other contacts during the holiday season, you may be able to deduct all or part of the cost. But there are strict tax-law limits to your generosity. In general, the deduction for these types of business gifts…

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Ohio State and Local Tax Updates December 2018

Ohio’s withholding tax rates will be lower in 2019 December 14, 2018 The OH Dept. of Taxation said the reduction is due to 2015 legislation, which provided a 6.3% tax cut that wasn’t structured at the time to reduce withholding rates. Here’s an example of how the cut will affect families: An OH taxpayer with…

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Georgia State and Local Tax Updates December 2018

Did you know the state of Georgia has a Taxpayer Bill of Rights? December 14, 2018 The document explains the rights of taxpayers, as well as the obligations of the GA Dept. of Revenue. For example, “You have the right to prompt and accurate responses from the department to questions and requests for tax assistance.”…

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Illinois State and Local Tax Updates December 2018

The prepaid sales tax on motor fuels increases for the first half of 2019 December 14, 2018 The Illinois Department of Revenue has announced that, effective 1/1/19 through 6/30/19, the prepaid sales tax rate on gasoline, gasohol, and other motor fuels will increase to 16¢ per gallon from 15¢ per gallon. The prepaid sales tax…

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