2015 Mileage Rates

Beginning on January 1, 2015, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
  • 57.5 cents per mile for business miles driven. For 2014, the rate is 56 cents a mile.
  • 23 cents per mile driven for medical or moving purposes. down from 22.5 cents.
  • 14 cents per mile driven in service of charitable organizations. (This amount remains unchanged from 2014.)

Solving IRS Problems – Based on Real Experience

I have a handful of clients who are working their way through significant IRS problems. It’s not easy. My main recommendation is to ‘be steadfast in your pursuit of cleaning things up.’ It takes determination, time, and patience. I just had a client who had their monthly payment stalled for 2 years. Financial hardship won the [...]

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Club Gaming Rule Highlights

What Licensees Should Know About Act 90 of 2013 On November 27, 2013, Governor Corbett signed House Bill No. 1098 into law. Now known as Act 90 of 2013, the bill made numerous changes and added a new chapter to the Local Option Small Games of Chance Act (“LOSGCA) [10 P.S. § 328.101 et seq.], [...]

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Tap Retirement Funds To Buy A Home?

If you’re straining to come up with funds for a down payment for your home, you may be tempted to tap one of your retirement accounts. In principle, it’s not a good idea, since you’ll need those funds for retirement and you could end up paying a heavy tax price. But in certain circumstances, it [...]

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What triggers an IRS tax audit?

What triggers an IRS tax audit? While the IRS isn’t about to publish a list, there are a number of items that are known to raise the IRS’s interest in a return. What are your chances of being audited? For individuals, it depends on your income. In fiscal year 2013, returns reporting income of under [...]

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