Author Archives: Justin Earley

Will The IRS Have Access To Personal Health Records After 2013

News reports have stated that individuals are concerned the IRS could have access to personal health records due to the requirement to obtain health insurance or suffer penalties after 2013. We have received information that insurance companies will send a … Continue reading

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2013 Retirement Plan Contribution Limitations

Below is the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2013. – The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal … Continue reading

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Where’s My Amended Return?

The IRS website has recently added a tool that allows the ability to check the status of an amended tax return. All you will need is your social security number, date of birth, and zip code. The “Where’s My Amended Return” … Continue reading

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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

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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

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IRS Releases Standard Mileage Rates for 2012

The IRS recently released the 2012 standard mileage rates below: -55.5 cents per mile for business miles driven -23 cents per mile driven for medical or moving purposes -14 cents per mile driven in service of charitable organizations -EAE

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IRS Has $153.3 Million in Undelivered Tax Refunds

This Wednesday the IRS said it has $153.3 million in undelivered tax refund checks waiting to be sent to over 99,000 taxpayers across the country.  The IRS stated that mailing address errors were the main problem with the undelivered refunds. … Continue reading

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IRS Issues New Voluntary Compliance Initiative for Worker Reclassification

The IRS recently launched a new voluntary compliance program that allows employers to prospectively reclassify—as employees—those workers they have treated as independent contractors incorrectly. The program contains generous settlement terms and provides audit relief for previous years.  The IRS determined … Continue reading

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IRS Issues Adjusted Mileage Rates For Second Half of 2011

The IRS recently issued adjusted mileage rates for the second half of 2011 (effective 7-1-11) due to rising gas costs earlier in the year. The new rates are as follows: Business vehicle usage:  55.5¢ per mile Medical vehicle usage:  23.5¢ … Continue reading

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