The Internal Revenue Service has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage rates for the Continue reading IRS announces 2014 mileage rates
For tax year 2014, the Internal Revenue Service announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. The tax items for tax year 2014 of greatest interest to most taxpayers Continue reading Various tax benefits increase due to inflation adjustments
The Internal Revenue Service issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan made landfall in the central Philippines, bringing strong winds and heavy rains that resulted in Continue reading IRS warns consumers of possible scams relating to relief of typhoon victims
When you file your 2013 taxes in April, you’re in for a surprise bill or refund due to the effects of the Additional Medicare Tax, which is levied on top of the Medicare tax you already pay. The Additional Medicare Continue reading Additional Medicare Tax and what it means for you
The Internal Revenue Service will delay the start of the 2014 filing season for about one to two weeks, thanks to the 16-day federal government closure. This is the second year for a delay, and a final decision on timing Continue reading Government shut down ripples down to your taxes
