Call Now! 734-887-1787
Newsletter Archives
IRS Releases Dirty Dozen Scam List: Don’t be a Victim
Each year, people fall prey to tax scams. That’s why the IRS sends a list of its annual “Dirty Dozen.” Stay safe and be informed – don’t become a victim.
Identity theft. Identity theft, especially around …
IRA FAQs – 2015 Contributions
How long do I have to make 2015 IRA contributions?
You can make 2015 IRA contributions until April 18, 2016, excluding extensions.
How much can I contribute to an IRA?
The contribution limit for 2015 and 2016 is $5,500, or $6,500 …
2016 Standard Mileage Rates
As of Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:
54 cents per mile for business miles driven, down from 57.5 cents for 2015
19 cents …
Significant Tax Benefit: EITC
Millions of taxpayers who earned $53,267 or less last year may qualify for EITC for the first time in 2016, making awareness critical.
“One-third of the population eligible for EITC changes each year as their personal …
Upcoming Tax Deadlines
March
Tu 15 Corporations: File Form 1120 for calendar year and pay any tax due. For automatic 6-month extension, file Form 7004 and deposit estimated tax.
Tu 15 S Corporations: File Form 1120S for calendar year and …