It has come to our attention that the IRS has revised their procedures regarding field audits and are initially notifying the taxpayer of the audit by telephone, rather than sending a letter. The IRS agents are using the first contact by phone as a opportunity to conduct an interview with the taxpayer before the taxpayer [...]
Beginning on January 1, 2011, the IRSÂ issued optional standard mileage rates for the use of a car (also vans, pick ups or panel trucks): 51 cents per mile for business mileage driven (up just one cent from 2010) 19 cents per mile driven for medical or moving purposes 14 cents per mile driven in service [...]
IRS Extension As a quick update last blog entry on the IRS voluntary disclosure program. The IRS has extended the deadline of the program to October 15 th, 2009. So if you have yet to report your overseas accounts there is still time to do so! Posted 09/22/09