January 8, 2026 Standard mileage rate for the use of a car (also vans, pickups or panel trucks) was updated effective on January 1, 2026 as the table below.  * Federal law only allows a moving expense deduction for active-duty military Businesses generally can deduct the entire cost of operating a vehicle for business purposes. Alternatively, they can use the business standard mileage rate, subject to some exceptions. The deduction is calculated by multiplying the standard mi

October 27, 2025 Overview Nonresident aliens who are temporarily present in the United States and perform personal services (i.e., work) are generally considered engaged in a U.S. trade or business (ETB). Under the Internal Revenue Code (IRC), such individuals are required to file a U.S. income tax return using Form 1040-NR, even if they ultimately owe no tax. Failure to file this return exposes the individual to substantial penalties, including the potential forfeiture of th

July 17, 2025 The current standard mileage rates remain the same as those announced in our January 2025 newsletter. The IRS has not made...