Did you know that the IRS has released new standard rates for business, medical, and moving related mileage? Be sure to check out the full details by clicking here. And as always, if you have any questions, please give us a call. We’re here to help!
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Did you know that there are several critical red flags in your tax return that will almost certainly draw higher scrutiny by the IRS? It’s true—the Internal Revenue Service uses both automated and human processes when selecting which tax returns to audit. Each return is compared with
Read more →Business depreciation rules had a face lift over the past few years. The “Protecting Americans from Tax Hikes” (PATH) Act of 2015 recently and importantly made permanent some key components of the 2014 depreciation regulations—including the more generous accelerated first-year depreciation options (Section 179 and bonus depreciation).
Read more →You may not know about the Alternative Minimum Tax because you’ve never had to pay it before. But if you have had to pay it, you may have wondered what in the world it is for and how it is figured. The AMT is an income tax imposed at
Read more →Imagine after filing in your annual tax return, you receive a notice from the Internal Revenue Service saying that another return has already been filed using your name and Social Security number — and claiming a refund. Sound impossible? It can happen if you become one of
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