Newsletter Archives: January 2012

Upcoming Tax Deadlines

January 1, 2012

January Fri 6 Deposit payroll tax for payments on Jan 1-3 if the semiweekly deposit rule applies. Tue 10 Employers: Employees are required to report to you tips of $20 or more earned during Dec 2011 Read More

Do I Need to File a Tax Return This Year?

January 1, 2012

You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, some Read More

Deadline Extended to April 17

January 1, 2012

The Internal Revenue Service opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns. Taxpayers will have until Tuesday, April 17, to file their 2011 tax Read More

2012 Standard Mileage Rates

January 1, 2012

Beginning on Jan. 1, 2012, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 55.5 cents per mile for business miles driven 23 cents per mile Read More