IRS Notice: Mileage Rates

Announcement 2022-13 advises that the Internal Revenue Service is revising the optional standard mileage rates that were provided in Notice 2022-3, 2022-2 I.R.B. 308, for substantiating the costs of operating an automobile for business, medical or moving purposes.  Beginning July 1, 2022, the rates are 62.5 cents

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Financial safety and disaster preparedness

Taxpayers should include financial safety in their disaster preparedness plans   After a natural disaster, personal financial, insurance, medical and other records can be vital to starting the recovery process. Here are some things taxpayers can do to help protect their financial safety in a disaster situation.

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IRS voice bot options expanded

IRS expands voice bot options for faster service, less wait time Assistance for eligible taxpayers in setting up or modifying payment plans now available; more functions planned in 2022 to help taxpayers obtain account information Voice Bot Video WASHINGTON – The Internal Revenue Service today announced expanded

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SBA PPP Loan Details

There  have been numerous changes happening with the SBA loans with regards to Coronavirus Aid, Relief, and Economic Security Act (CARES Act).  The link below provides the “Interim Final Rule” which announces that Section 1102 of the Act temporarily adds the “Paycheck Protection Program” (PPP) to the

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