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Sunday, February 7, 2016

Taxpayers believe that traveling a long distance to work may be deductible. Commuting cost are nondeductible regardless of the miles driven. Commuting is considered a personal expense. Code section 262 addresses the issue. Also, refer...

 

Thursday, January 14, 2016

Fleeing High - Tax State for one with lower or no income taxes, be careful. Your former State may be watching to see if you really qualify as a resident of the low - tax state. Tax Examiners are checking ATM, Credit Card Receipts,...

 

Thursday, January 14, 2016

The Mileage Rate: Year 2016 - 54 Cents per mile Year 2015 - 57 1/2 Cents per mile