Category Archives: Uncategorized

Carol McAtee & Associates, CPAS   IRS Announces 2015 Mileage Rates The Internal Revenue Service announced standard mileage rates for 2015 today for taxpayers to use in calculating the deductible costs of using a car for business, charitable, medical or … Continue reading →

Carol McAtee & Associates, CPAS   Year-End Tax Planning for Individuals Once again, tax planning for the year ahead presents more challenges than usual, this time due to the numerous tax extenders that expired at the end of 2013. These … Continue reading →

Year-End Tax Planning for Businesses While the fate of several business-related tax extenders such as R & D credits and bonus depreciation that expired at the end of 2013 is uncertain, there are still a number of end of year … Continue reading →

Moving Can Affect Your Premium Tax Credit IRS Health Care Tax Tip 2014-17, Sept. 12, 2014 If you moved recently, you’ve probably notified the U.S. Postal Service, utility companies, financial institutions and employers of your new address.  If you get … Continue reading →

Scam Phone Calls Continue; IRS Identifies Five Easy Ways to Spot Suspicious Calls IR-2014-84, Aug. 28, 2014 WASHINGTON — The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists … Continue reading →

Unlike last year, tax planning for 2013 is not hampered by uncertainties over a looming fiscal cliff. Unfortunately, there is always some uncertainty and a few expiring provisions to warrant special attention by taxpayers. Managing income taxes at year end … Continue reading →

Some big-dollar tax deductions that affect businesses are set to expire in 2013, so now’s the time to make sure your company considers taking advantage of them for the current tax year. Doing so may allow you to buy more … Continue reading →

The tax rules may change again in 2014, however, we did want to give you the updates for the following to help with your next year tax planning: –    Social Security taxable wage limit increases from 2013 limit of $113,700 to … Continue reading →

Tax planning presents more challenges than usual this year due to the passage of the American Taxpayer Relief Act of 2012 (ATRA), which was signed into law on January 2, 2013, as well as certain tax provisions of the Patient … Continue reading →