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The Internal Revenue Service today issued the 2011 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, 2011, the standard mileage rates for the use...

Happy Holidays! As the holiday season has now snuck upon us and we are in the final weeks of 2010, I thought it best to point out a few tax-saving strategies that can still be implemented before the 2010 tax year ends.  I know that everybody wants to enjoy the last...

Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service. The Home buyer Assistance and Improvement Act of 2010,...

The Internal Revenue Service has announced that taxpayers who donate to charities providing relief to the victims of the recent Haiti earthquake can claim the deduction on their 2009 tax return that is due April 15, 2010. Taxpayers who will be itemizing deductions on...

The Internal Revenue Service has issued the 2016 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, 2016, the standard mileage rates for...

Beginning January 1, 2010, the income and filing status requirements for rollovers (including conversions) to a Roth IRA was eliminated. Additionally, for rollovers to a Roth IRA in 2010 only, a special 2-year option for reporting taxable portions of your rollover...

The Internal Revenue Service has issued the 2010 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, 2010, the standard mileage rates for the use...

Happy Holidays! As the holidays have now snuck upon us and we are about to enter the final week of 2009, I thought it best to point out a few tax-saving strategies that can still be implemented before the 2009 tax year ends next week.  I know that everybody wants to...

2016 Year End Tax Savings Strategies Happy Holidays! As we are entering the last week of 2016, I thought it best to point out a few tax-saving strategies that can still be implemented before the 2016 tax year ends. I know that with all of the excitement of the...

Well, they did it again.  The Federal government has gone and extended the homebuyer tax credit until April 30, 2010.  In addition, they made some changes that allow a tax credit for some current homeowners as well. The Worker, Home-ownership, and Business Assistance...