The 2026 Mileage Rates [Caution: check back around Christmas. This is subject to change]. Beginning on Jan. 1, 2026, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• […]
The 2025 Mileage Rates Need rates for earlier years? Click here. Beginning on Jan. 1, 2025 the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:• 70 cents per mile for business miles driven.• 21 cents per mile driven for medical or moving purposes.• 14 cents per […]
This is no longer rare and it is no longer limited just to individuals. We are putting together 1. a check list of things to do if you are a victim of tax return identity theft, AND 2. a check list of things to do to keep from being a victim. Contact us if you […]
Here is the latest chart for KY Per Diem Rates. The laws regarding perdiem are rather complex. The IRS laws require that you keep a log and certain documentation. Failure to do so will result in the expenditures being disallowed. Additionally, a penalty is generally assessed. This penalty can be substantial.
The Loving case is not so loving. Competent income tax preparers are disappointed. The taxpaying public will be the losers. Starting in 2011, the IRS began its return preparer oversight initiative. The purpose of this initiative was to help insure that income tax preparers who charge for their services were competent to perform these services. […]