Articles

Upcoming Tax Deadlines

January 1, 2013

January Thu 3 Deposit payroll tax for payments on Dec 26-28 if the semiweekly deposit rule applies. Fri 4 Deposit payroll tax for payments on Dec 29 – Jan 1 if the semiweekly deposit rule Read More

FAQ: Sale of Property

January 1, 2013

Question: What is the basis of property received as a gift? Answer: To figure the basis of property you receive as a gift, you must know 3 amounts: The adjusted basis to the donor just before it was Read More

Plan Now to Get Full Benefit of Saver’s Credit

January 1, 2013

Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset Read More

Standard Mileage Rates for 2013

January 1, 2013

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 Read More

Upcoming Tax Deadlines

October 1, 2012

October Mon 1 File Form 730 and pay tax on wagers accepted during August. Mon 1 File Form 2290 and pay the tax for vehicles first used during August. Wed 3 Deposit payroll tax for payments on Sep 26-28 Read More

FAQ: Deductions

October 1, 2012

Question: Can I deduct separate maintenance paid to my spouse or alimony paid to my former spouse? Answer: If you are separated or divorced, you may generally deduct payments of separate maintenance or alimony paid in cash Read More