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IRS Cracking Down on Form 1099 Reporting

01.03.13
by Bill Leary, CPA, Director, Tax Group, Doeren Mayhew As we approach February, taxpayers need to consider whether they are required to file information returns (Form 1099s) with payees and the Internal Revenue Service (IRS) by Feb. 28, 2013. The IRS...
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3 Tax Increases Under Fiscal Cliff Deal

01.03.13
On Jan. 2, Congress passed the American Tax Relief Act to address the fiscal cliff. The act makes permanent 2012 income tax rates for most taxpayers, as well as alternative minimum tax relief. It also extends many other breaks for individuals and bus...
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2013 Standard Mileage Rate

12.11.12
The Internal Revenue Service has increased the optional standard mileage rate for the use of a car for business purposes from 55.5 cents to 56.5 cents, effective Jan. 1, 2013. The standard mileage rate for business is based on an annual study of the ...
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