2022 Mileage rates set by the IRS
| | |

2022 Mileage rates set by the IRS

Here are your 2022 Mileage rates The 2022 business mileage rate is 58.5 cents/mile driven for business use.  That is up 2.5 cents from 2021 rate Qualified active-duty Armed Forces members for medical or moving purposes, the rate is 18 cents/mile driven, up 2 cents. Performing service for charitable organizations,  the rate is set by statute and remains unchanged…

2022 Tax Due Dates
|

2022 Tax Due Dates

Be prepared for the 2022 tax filing season As we await the date the IRS will open efiling and the 2022 filing season, lets be in the know when your return(s) are due. Yes the individual filing deadline is still the 15th day of the 4th month, but that day again falls on emancipation day…

CARES Act – The Business Provisions
| | |

CARES Act – The Business Provisions

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

CARES Act – Paycheck Protection Program (PPP)
| | |

CARES Act – Paycheck Protection Program (PPP)

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

CARES Act – The Individual Provisions
| |

CARES Act – The Individual Provisions

U.S. Government Provides Relief to Individuals, Businesses in Midst of COVID-19 Crisis On March 27, President Donald Trump signed into law a historic $2 trillion stimulus package designed to provide economic relief to individuals and businesses affected by the coronavirus pandemic. Our aim in this alert is to give a brief overview of both the…

Keeping good records, be in the know
| | | | | | |

Keeping good records, be in the know

Keep it separated Some of the real estate agents we have worked with were shocked when they got their tax bill.  They owed more to the IRS due to not capturing all of their expenses.  They had been missing out on thousands of dollars of deductions because they are not keeping good records. The primary…

2019 Filing Deadlines for 2018 Returns
| |

2019 Filing Deadlines for 2018 Returns

Never to early to start planning, beginning with deadlines The IRS filing deadlines are as follows for 2018 returns: Pass-Through Entities S-Corporations and Partnerships Forms 1120S/1065 Due Date: March 15, 2019 Extension Date: September 16, 2019 Corporations C-Corporations Forms 1120 Due Date: April 15, 2019 Extension Date: October 15, 2019 Individuals Personal Forms 1040 / Sched…