Category Archives: 1040

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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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.