December 2014

2015 Standard Mileage Rates

Posted on December 31, 2014

The IRS has released the standard mileage rates for 2015.  Beginning on January 1, 2015 mileage rates are as follows: 57.5 cents…

What Is A Substitute For Return?

Posted on December 23, 2014

Under Code Sec. 6020, the IRS has the authority to prepare and file a substitute tax return for a taxpayer who fails to file a…

Placing Assets in Service

Posted on December 18, 2014

Depreciation is a reasonable allowance for wear and tear on property used in a trade or business or for the production of income.…

Obamacare for Nonprofits

Posted on December 17, 2014

Although Obamacare (Affordable Care Act or ACA) was signed into law over three years ago, there is still much confusion over its…

Timing Payments To Maximize Year End Tax Benefits

Posted on December 10, 2014

When accelerating or deferring income or expenses at year end as part of an overall tax strategy, certain timing rules become…

Preparing For Affordable Care Act Filing Requirements

Posted on December 05, 2014

The upcoming filing season is expected to be challenging for taxpayers and the IRS as new requirements under the Patient Protection…

Local Frauds

Posted on December 03, 2014

Think fraud cannot happen in your organization?  Here’s a look at some local frauds that have occurred over the past few…

Post-Election Congress Grapples With Extenders As Lawmakers Plan For 2015

Posted on December 02, 2014

The results of the mid-term elections create a new dynamic in Congress with Republicans poised to take control of both the House…

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Bruner Dental