2015 NEWS & TIPS:
2014 NEWS & TIPS:
Tax season has begun anew! ACA/ObamaCare's Individual Mandate took effect Jan 2014. Be prepared to answer more questions from your tax preparer. More of you should be receiving Form 1095 this year. However, the latest legislation extended the deadline for business until March 31st to get those forms out.
2013 NEWS & TIPS:
Tax-related New Years' Resolutions:
Other Federal Tax Advice
Hurricane Sandy Help: For those affected by the mega-storm, the IRS offers tax relief and other assistance for individuals and businesses: IRS OC_HelpForVictimsofHurricaneSandyFINAL 2012.pdf
- The IRS has unveiled its new website! Check it out: www.irs.gov
2012 NEWS & TIPS:
5 Tax Benefits for Small Businesses before New Year:
On the plus side, if you own a small business, here are some possible tax benefits: Tax-Benefits-Small-Businesses-New-Year. Be sure to ask your accountant/tax preparer about these if you do. Or if you're thinking about starting a business, find out which provisions may end & which ones may continue.
2012 Tax Guide
Be on the lookout for the 2012 version. Here's the link to last year's guide: Forbes: 2011 Tax Guide in case you're thinking of amending last years' return. Lots of great tips for completing your own taxes or talking to your tax preparer intelligently. In the meantime, here's a preliminary tax guide from Crowe Horwath for those of you wanting a head start on the tax season: 2012Year-EndTaxPlanningGuide.pdf.
2011 NEWS & TIPS:
The IRS has increased the mileage rates!
As of July 1, 2011, the IRS increased the business mileage rate from 51c/mile to 55.5c/mile. The medical/moving rate also increased: from 19c/mile to 23.5c/mile. Click here to view the IRS notice.
2011 Last Minute Tax Guide
Here's a link to a wealth of information about various tax subjects: Forbes: 2011 Tax Guide. One of them may be just the help you need to complete your own or talk to your tax preparer intelligently. Now who doesn't want to sound intelligent?!