Posts Categorized: Newsletter

IRS increases mileage rate for remainder of 2022

IR-2022-124, June 9, 2022 WASHINGTON — The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes. For the final 6 months… Read more »

IRS announces July 15th individual tax filing deadline in response to COVID-19 

Friday, Treasury Secretary Steven Mnuchin announced that the IRS will be moving the income tax filing deadline from April 15th, 2020 to July 15th, 2020. Saturday the IRS issued a news release confirming this here: This applies to all tax returns, and also extends the payment deadline to July 15th. There is no extension to… Read more »

Accurate Advice Newsletter – February 2015

2015 Oregon Tax Changes With the start of tax season comes a host of changes to not only federal law, but state laws as well. This year, a number of things are changing in Oregon, here is an overview of some of the changes. New Oregon tax forms All Oregon tax forms have been changed… Read more »

Accurate Advice Newsletter – January 2015

 Protecting Americans from Tax Hikes Legislation signed into law! What does this mean for you? Many of the tax credits and deductions that were due to expire have have been extended or made permanent! This is great news for many that would be effected by allowing these tax provisions to expire. Here is a few… Read more »

Accurate Advice Newsletter – August 2015

Time to take advantage of solar energy credits Summer is here which means it is construction and home improvement season; the perfect time to add solar to your home and take advantage of some really great tax credits. The Federal energy credit for installing solar on your residential property is 30% of the cost with… Read more »

Accurate Advice Newsletter – September 2015

Back to School Tax Planning September is back to school month for the majority of students, so it’s a great time to review tax planning strategies for those of you who are in college or have dependents that are in college.   Grants and Scholarships Grants and scholarships can be a huge financial boost to families and students struggling… Read more »

Accurate Advice Newsletter – October 2015

Why to track your miles and 4 Tax Benefits to keeping an accurate mileage log You may already know you can take a mileage deduction in your personal business, but did you know the IRS requires a mileage log as proof of allowable miles you can deduct on your tax return? If you are audited… Read more »

Accurate Advice Newsletter – November 2015

Tax tips for your new business Starting a new business can be an exciting endeavor, but preparation and record keeping and tax planning can make or break a new business. Small business owners are one of the most heavily targeted for audit by the IRS so this guide will help guide you through what receipts and… Read more »

Accurate Advice Newsletter – December 2015

6 Year End Tax Tips Things that need to be done before December 31, 2015 to take advantage of them on your 2015 taxes. 1. Charitable Donations If you itemize your deductions on your personal tax return, charitable donations are a great way to boost your deduction. Charitable donations can be cash or  items donated… Read more »