Monthly Archives: November 2012

IRS Releases 2013 Standard Mileage Rates

The IRS recently released the 2013 standard mileage rates below: -56.5 cents per mile for business miles driven -24 cents per mile driven for medical or moving purposes -14 cents per mile driven in service of charitable organizations -EAE

Posted in 1040, Mileage Rates | Tagged , , | Comments Off on IRS Releases 2013 Standard Mileage Rates

First Time Abate Waiver

It is common for the IRS to waive Failure to File (FTF) and Failure to Pay (FTP) penalties for taxpayers who have demonstrated full compliance over the prior three years. This waiver, called a First-Time Abate (FTA) is to reward … Continue reading

Posted in 1040, Taxes | Tagged , , | Comments Off on First Time Abate Waiver

CIRCULAR 230 DISCLAIMER: ADVICE, ARTICLES AND COMMENTARY INCLUDED HEREIN DO NOT CONSTITUTE AN OPINION AND ARE NOT INTENDED OR WRITTEN TO BE USED, AND THEY CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED ON THE TAXPAYER.