January Tax Update

January Tax Update

The IRS released updated mileage rates for tax year 2021.  Effective January 1, 2021 the standard mileage rates for the business use of an automobile will be 56 cents per mile, down from 57.5 cents per mile in 2020.  Medical or moving mileage is 16...
Taxpayer Bill of Rights

Taxpayer Bill of Rights

Earlier this month, the IRS published the Taxpayer Bill of Rights and included the provisions in IRS Publication 1. Publication 1 is a document that is routinely included in IRS correspondence with taxpayers. These rights have always been available to...