Service – Tax
IRS Raises Standard Mileage Rates Mid-Year: What Employers Need to Know
For the first time since 2022, the IRS has issued a mid-year adjustment to its standard mileage rates, and the split-rate structure it creates for 2026 is more complex than it appears. If your business reimburses employees for mileage, the IRS just created a compliance task you cannot afford to overlook and getting the details wrong could mean over- or under-reimbursing employees, violating accountable plan rules, and creating unexpected tax exposure for both your business and your workers.
Read MoreWhen unequal cash creates unequal risk: disproportionate distributions in S-corps
Disproportionate distributions in S corporations can trigger unintended tax consequences and even loss of S status. Learn where the risks arise and how strategic planning can preserve compliance while achieving unequal economic outcomes.
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