Monthly Archives: December 2015

Identity Theft Tax Tips

The Internal Revenue Service, state revenue departments and the tax industry today released the first in a series of special tax tips designed to provide people critical information to help protect their tax and financial data. The first of the

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Tips for Year-End Gifts to Charity

Some of the changes taxpayers should keep in mind include: Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. Clothing and household items donated to charity generally must be in good

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IRS Releases Crime 2015 Annual Report

Focusing on tax-related identity theft, money laundering, public corruption, cybercrime and terrorist financing, IRS CI initiated 3,853 cases in FY 2015. “Our criminal investigators continue to bring complex and meaningful cases that have a significant impact on tax administration,” said

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2016 Standard Mileage Rates for Business, Medical and Moving Announced

Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5 cents for 2015 19 cents per

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Interest Rates Remain the Same for the First Quarter of 2016

The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2016, as they were in the previous quarter. The rates will be: three (3) percent for overpayments [two (2) percent

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