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Standard Mileage Rates for 2013

Posted by on Nov 21, 2012 in Blog, Member Center Blog | 0 comments

http://www.irs.gov/uac/2013-Standard-Mileage-Rates-Up-1-Cent-per-Mile-for-Business,-Medical-and-Moving R-2012-95, Nov. 21, 2012 WASHINGTON — The Internal Revenue Service today issued the 2013 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, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56.5 cents per mile for business miles driven. 24 cents per mile driven for...

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The IRS Gears Up For Health Law Tasks; Fine-Tuning Health Law Messages

Posted by on Nov 20, 2012 in Uncategorized | 0 comments

http://www.kaiserhealthnews.org/Daily-Reports/2012/November/20/health-law-implementation-round-up.aspx NOV 20, 2012 News outlets report on the moving parts involved in the next phase of the health law’s implementation. Meanwhile, legislators consider what the sweeping measure might mean for their states. Politico: Can The IRS Handle Obamacare? Now that the health care law’s future is finally secure, it’s up to the Internal Revenue Service to make sure the money flows. … The agency is charged with shouldering some of...

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One Billion Served: IRS E-File Passes Major Milestone

Posted by on Aug 21, 2011 in Blog, Member Center Blog, Uncategorized | 1 comment

IRS e-file has reached a major milestone as it passed the one billion mark for individual tax returns processed safely and securely since 1986. The Internal Revenue Service’s electronic filing program started as a pilot project in 1986 and became available nationally in 1990. Prior to the April 18 deadline, IRS e-file passed another high point as more than 100 million individual tax returns were e-filed during the 2011 filing season. “IRS e-file is a good deal for taxpayers,” said IRS Commissioner Doug Shulman. “The one...

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Paid Education for Business

Posted by on Jul 28, 2011 in Blog | 0 comments

Paid Education for Business

If you need to take a course (or courses) or class (or classes) in or to maintain or imporve your skills to maintain your status or pay level or if you need to takes these courses or classes for the purpose of meeting legal or employer requirements your employer may be able to deduct the expenses. The business is not able to deduct expenses that enable you to be qualified for the job or that would qualify you for a new trade or business (a new job). As with all business expenses, they must be considered “ordinary and necessary” in...

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Standard Mileage Rates Increased

Posted by on Jul 12, 2011 in Blog | 0 comments

Standard Mileage Rates Increased

Recently, the Internal Revenue Service announced an increase in the standard mileage rate taxpayers can claim for the last six months of 2011. Effective July 1 it increases the participation rate to 55.5 cents a miles off 51 cents and cents, 23.5 cents per mile for 19 doctors and moving. The deduction for the cost per kilometer of charity remains at 14 cents. “This year, gas prices have increased a great impact on individual Americans,” said IRS Commissioner Douglas Shulman, “if the IRS is adjusting the standard mileage rates...

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