Expanded Tax Credit for Hiring Unemployed Veterans
On November 21, 2011, the VOW to Hire Heroes Act of 2011 was signed into law. The new law provides an expanded work opportunity [...]
IRS Proposed Regulations Require Tax Preparers to File Form 8867 with 2012 EITC Claims
On October 6, 2011, The Internal Revenue Service announced that it is issuing proposed regulations that would require paid tax return preparers, beginning in [...]
IRS Announces 2011 Standard Mileage Rates
On December 3, 2010, Internal Revenue Service issued the 2011 optional standard mileage rates used to calculate the deductible costs of operating an automobile [...]
Depreciation Deductions: Passenger Cars & Light Trucks, Vans and SUVs
Assuming that a taxpayer does not use the IRS standard mileage deduction, for qualifying vehicles used for business purposes and placed in service in [...]