The Internal Revenue Service has launched a new Affordable Care Act Tax Provisions site at IRS.gov/aca to educate individuals and businesses on how the health care law might affect them. Topics found at IRS.gov/aca include premium tax credits for individuals, new benefits and responsibilities for employers. When visiting the new site, individuals and businesses will be able to find […]
Avoiding the Top Tax Mistakes
Two free tax webinars from the IRS may help you take what you know about your business and avoid mistakes. Are you taking all the deductions you’re entitled to? Do you know what business tax credits you can take? Topic: Small Business Owners: Get All the Tax Benefits You Deserve Date: Tuesday, June 18, 2013 Time: 11:00 a.m. (Pacific); Noon (Mountain); 1:00 […]
2013 Optional Standard Mileage Rates
by GlennaMae Hendricks, EA Pickups use the same mileage rate ascars and vans. The Internal Revenue Service has issued the 2013 optional standard mileage rates that may be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Starting Jan. 1, 2013, the standard mileage rate for a […]
IRS Announces Qualified Disaster Treatment of Payments to Victims of Hurricane Sandy
IR-2012-84, Nov. 2, 2012 Washington ― The Internal Revenue Service today alerted employers and other taxpayers that because Hurricane Sandy is designated as a qualified disaster for federal tax purposes, qualified disaster relief payments made to individuals by their employer or any person can be excluded from those individuals’ taxable income. Qualified disaster relief payments […]
