March 6, 2018
You should know the standard mileage rate for 2018 increased to 54.5 cents per mile.
The standard mileage rate for each year is based on vehicle operating costs in the prior year as determined in a cost study contracted by the IRS.
Tax reform has changed some of the tax rules. Watch below to learn more
Beginning in 2014, the Affordable Care Act, also known as Obamacare, imposed what a “share-responsibility payment” on taxpayers who did not sign up for minimum essential health coverage. This payment is essentially a penalty for not being insured.
If you trade cryptocurrencies like Bitcoin you are required to report the transactions for tax purposes.
The IRS wants its cut and you may not know it. Call our office for assistance. Learn more in the video below.
Just a reminder that the due date for 2017 tax returns is April 17, 2018! There is no penalty for filing late if you are receiving a refund. However, it is quite a different story...