Standard mileage rates are up slightly from 2021 in two categories, according to theIRS. Beginning Jan. 1, 2022, the standard mileage rates for using a car, van, pickup, orpanel truck will be 58.5 cents per mile for work use. The … Continued
Congratulations Steve Neher for being selected to serve as Managing Partner of Cordell, Neher & Company!
Aprio, LLP, a nationally-recognized top 50 CPA-led business advisory firm and CPAsNET, a community of accounting and business consulting firms, announced today a strategic partnership.
The Internal Revenue Service recently issued the 2019 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:
The Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. The tax year 2019 adjustments generally are used on tax returns filed in 2020. The tax items for tax year 2019 of greatest interest to most taxpayers include the following dollar amounts:
The holiday season often prompts people to give money or property to charity. If you plan to give and want to claim a tax deduction, there are a few tips you should know before you give. As individuals and businesses are deciding where to make their donations, the IRS reminds taxpayers to research charities before making donations. Did you know the IRS has a tool that allows users to search for charities? Below we’ve highlighted four fast acts about the IRS Tax Exempt Organization Search tool:
If you, your spouse or a dependent are heading off to college in the fall, you may be able to claim a tax credit on your federal tax return. Below we have highlighted some of the credits that may save you money at tax time. Contact one of our professionals to see if you are eligible to claim education credits.
Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement.
Students and teenagers often get summer jobs to earn extra spending money or to save for later. The IRS offers a few tax tips for taxpayers with a summer job…
With the start of hurricane season our firms encourage individuals and businesses to safeguard their records against natural disasters by taking a few simple steps.