Newsletter Archives: January 2013

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