Category Archives: Tax Compliance

2016 Automobile Mileage Rates

Posted on January 28, 2016 by Lisa W. Hull

The IRS released the 2016 standard mileage rates for business, medical and moving in December. The rates have decreased from 2015, probably due to the decrease in the cost of gasoline.  Effective January 1, 2016, the standard mileage rates for … Continue reading →

Posted in Deductible Expenses, Tax Compliance | Tagged , , , , , | Leave a comment

Tax Return For A Deceased Taxpayer

Posted on June 1, 2015 by Lisa W. Hull

What are the income tax consequences if Grandpa dies on June 30, 2014?  If a taxpayer dies during the tax year, the IRS still expects a tax return to be filed on behalf of the decedent.  In general, it is … Continue reading →

Posted in Tax Compliance | Tagged , , , , , , | Leave a comment

Love Letter from the IRS?

Posted on April 21, 2015 by Lisa W. Hull

What happens if you receive correspondence from the Internal Revenue Service?  In my experience, most taxpayers either panic or they ignore it.  The very worst thing you can do is ignore the letter! Trust me, the IRS won’t magically go … Continue reading →

Posted in Tax Compliance | Tagged , , , , , , , , , , | Leave a comment

Things to Know for Tax Year 2014

Posted on January 10, 2015 by Lisa W. Hull

The IRS announced last week they would be ready to accept 2014 tax returns on January 20, 2015.  This is early in the year considering there have been several changes to the law that will affect 2014 personal income tax … Continue reading →

Posted in Tax Compliance | Tagged , , , , , , , , | Leave a comment

Installment Agreements for Payroll Taxes

Posted on December 7, 2014 by Lisa W. Hull

If your small business is delinquent on payroll taxes and having problems catching up, you may qualify for an In-Business Trust Fund Express Installment Agreement (IBTF-Express IA).  If you owe $25,000 or less you can have up to 2 years … Continue reading →

Posted in Tax Compliance | Tagged , , , , , , | Leave a comment