Tax Tips
The experts at Accounting and Tax Solutions, Inc. have provided the following tax tips and seasonal advisories for your convenience and assistance:
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Calendar
Upcoming tax events and seasonal tax advisories.
IRS 2009 Tax Calendar
View the IRS 2009 Tax Calendar for Small Businesses and the Self-Employed:
2009 IRS Tax Calendar (printable PDF)
These links will take you directly to the IRS website for the most up-to-date information.
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IRS Announces 2009 Standard Mileage Rates:
The IRS issued the 2009 optional standard mileage rates on Nov. 24. These rates are used to calculate the deductible costs for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2009, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 55 cents per mile for business miles driven
- 24 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
... read more
The Best Tax Shelter around - your Personal Residence!
If you’re a homeowner, Uncle Sam has thrown you a tax shelter that’s beyond compare. ... read more
Tis the Season to be GIVING …..
Well, it’s the end of the year and now you have a big incentive to clean out all that stuff! You could get a tax deduction for it. ... read more
Education Credits from Uncle Sam
Uncle Sam recognizes the value of education and has given us credits and deductions to help. ... read more
Staying off the IRS Radar Screen
Nothing strikes terror in the heart of the American taxpayer quite like finding a letter in the mailbox from the IRS! ... read more
Solace for the Non-filer
Has it been awhile since you filed a tax return? Feeling guilty? Scared? Don’t know what to do? ... read more
Greetings from the IRS
You’ve just picked up your mail and … uh oh, there among the ads, bills and too numerous offerings for credit cards is that official looking letter from the Internal Revenue Service. ... read more
Paying for College
You’ve probably heard about the 529 College Savings Plan. But what is it exactly? The 529 College Savings Plan is one of the best savings incentives for college and something you don’t want to miss out on if you have children or grandchildren. ... read more
Home Office Deduction
You’ve decided to start a small business working out of your home. Life is great and you can’t beat the commute. Now, how will this affect your income taxes? Can you deduct expenses for use of your home? ... read more
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