The following article was published by the IRS. The Internal Revenue Service said recently that it expects more than 90 percent of all 2017 individual tax returns to be prepared using tax software. The majority of those will be e-filed. Since 1986 when the IRS started accepting electronically filed tax returns, more than 1.8 billion have [...]
The following article was published by the IRS. The Internal Revenue Service today issued the 2018 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, 2018, the standard mileage rates for the use of a car (also vans, pickups or [...]
[youtube https://www.youtube.com/watch?v=Zlx9-giqLPU] "Charitable giving" is a phrase used frequently towards the end of the year, both during the holiday season as well as at tax time. Giving is an extremely important gesture made by those who have towards those who aren't as fortunate. While need is a universal phenomenon, resources are often limited, necessitating that we [...]
[youtube https://www.youtube.com/watch?v=SwTZDCXErUg]Black Friday is behind us and we are now faced with the deals and bargains of Cyber Monday. Similar to Black Friday in many ways, Cyber Monday is a chance to knock out some, if not all, of your holiday shopping list at a fraction of the cost. But there are some basic principles of [...]
The following article was published by the IRS. The Internal Revenue Service today reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2018. FSAs provide employees a way to use tax-free dollars to pay medical expenses not covered by other health [...]