READY…. SET…. CALL….
CONTACT US TODAY to book your FREE consultation! We will listen to your concerns and help you KEEP MORE of what you EARN!
IRS Activities Following the Shutdown:
The IRS has reopened following the end of the government shutdown, and IRS are working hard to resume operations and help taxpayers as much as possible.
As the IRS resumes operations, there are some important pieces of information for taxpayers and tax professionals to keep in mind in several areas:
• Audits
• Collections
• Appeals
• Tax Filing for Individuals
• Tax Court
• Taxpayer Advocate Service
• TE/GE
Please contact us TODAY for any questions and to set up your FREE consultation!
STANDARD MILEAGE RATES FOR 2019
The IRS issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
• 58 cents per mile driven for business use, up 3.5 cents from the rate for 2018,
• 20 cents per mile driven for medical or moving purposes, up 2 cents from the rate for 2018, and
• 14 cents per mile driven in service of charitable organizations.
The business mileage rate increased 3.5 cents for business travel driven and 2 cents for medical and certain moving expense from the rates for 2018. The charitable rate is set by statute and remains unchanged.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.