by GruffyGoat Team | Dec 30, 2015 | IRS, Taxes
Yes, it’s that time of year again. The IRS announced last week that the 2016 tax season will begin as scheduled on Tuesday, January 19. They’ll begin accepting both individual electronic returns and paper returns that day. The IRS expects to receive more than 150...
by GruffyGoat Team | Dec 28, 2015 | Affordable Care Act, Taxes
Shortly before the Christmas holiday, Congress passed a bill extending a long list of expired tax provisions — some permanently, some for five years, and many for two years.The Journal of Accountancy published the details in an article explaining all that’s in the...
by GruffyGoat Team | Dec 22, 2015 | IRS, Small Business
The lower gas prices are going to be reflected in the mileage rates for 2016. The IRS just announced that beginning January 1, 2016, standard mileage rates will be: 54 cents per mile for business miles, down from 57.5 cents for 2015 19 cents per mile for medical or...
by GruffyGoat Team | Dec 21, 2015 | IRS
Hopefully you don’t owe the IRS $100 million or more, but those who do will need to plan on paying with something other than a check after December 31st. Internal Revenue Bulletin No. 2015–36, dated September 7, 2015, states: “The Federal Reserve will not accept...
by GruffyGoat Team | Dec 17, 2015 | Scams
With identity theft so common, taxpayers are naturally concerned about the security of their information during the filling process. And although the e-filing system itself is secure, identity thieves will often file early the tax return of someone whose identity...