Newsletter Archives

Standard Mileage Rates for 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 driven for …

FAQ: Sale of Property

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 given to you.
The fair …

Upcoming Tax Deadlines

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 applies.

Wed
9
Deposit payroll tax for payments on …