IRS Offers Ways for Groups to Regain Tax-Exempt Status
The Internal Revenue Service is giving organizations that have had their tax exemptions revoked because they failed to file a tax return a way to revive their tax-exempt status.
Author: augustus mac
Changes To I.R.S. Section 179
Summer 2013
2014 Mileage Rates
The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business purposes.
Landlords Have To File 1099s
The I.R.S. is now treating rental properties as a trade or business for 1099 reporting purposes. This means that landlords will have to keep track of expenses paid to service providers. Then they must issue 1099 Misc statements to any provider they paid at least $600 during the course of a year.