The IRS has announced that the standard business mileage rate will be 57.5 cents for 2015, up 1.5 cents from 2014. Medical miles will be be 23 cents and miles driven for charity will be 14 cents.
We have had calls from several clients reporting that they received calls from the IRS demanding payment. This does not happen! The IRS always sends multiple letters if there is a tax issue and never calls and threatens a “legal mess” if you don’t pay over the phone. I called the number back that one […]
The new tax law may affect your Minnesota 2013 Individual Tax return. The Department of Revenue is working to implement the new law as soon as possible. Below is a message from the MN Department of Revenue. If you have not filed your 2013 return: Federal and State income tax returns are due April 15, […]
IRS announces that 2013 tax returns will not be accepted until at least January 28th and possibly as late as February4th due to the government shutdown. Remember we can still prepare the return it just can’t be E-Filed until the IRS is accepting returns.
The amount that can be contributed to an HSA for Self-Only coverage will increase $50 to $3300 in 2014. Family coverage plans will increase $100 to $6550. If you are 55 or older you will be allowed a $1000 catch-up contribution as well.