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Key Tax Credit Expired In 2010 May Greatly Impact Your 2011 Personal Taxes

  • by tomhodgecpa
  • Posted on January 23, 2012

In 2009 & 2010, there was a tax credit used by millions of taxpayers that…

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Tablet Computers Provided By Employers Can Be Tax Free

  • by tomhodgecpa
  • Posted on January 15, 2012

An informal IRS decision states that employer-provided tablets (Apple iPads, Samsung Galaxies, etc.) won’t be…

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Standard Mileage Rates for 2012 released on 12.12.11

  • by tomhodgecpa
  • Posted on December 12, 2011December 12, 2011

Earlier today the IRS released the optional standard mileage rates for 2012. The rate remains…

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Church members being targeted by IRS Scam

  • by tomhodgecpa
  • Posted on September 6, 2011

The IRS is warning church groups, civic groups and their members about a scam where…

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About 275,000 charities may lose tax-exempt status

  • by tomhodgecpa
  • Posted on August 15, 2011

A few years ago, the IRS stated that charitable organizations that don’t file their tax…

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Taxes on the unemployed

  • by tomhodgecpa
  • Posted on August 2, 2011

Recently the IRS prepared a free booklet explaining the basic taxation on unemployment and severance…

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New Standard Mileage Rates for last six months of 2011

  • by tomhodgecpa
  • Posted on June 26, 2011

Effective July 1, 2011, the standard mileage rate for reimbursements is going up for six…

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Delays in processing some 2010 tax returns

  • by tomhodgecpa
  • Posted on January 29, 2011

If you file a Schedule A (Itemized Deductions) with your tax return, you will have…

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Illinois Tax Amnesty Program now through November 8th 2010

  • by tomhodgecpa
  • Posted on October 4, 2010

Illinois announced a tax amnesty program that ends November 8, 2010. Individuals & businesses who owe…

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IRS stops sending out tax packages

  • by tomhodgecpa
  • Posted on October 3, 2010

Recently the IRS announced that tax packages would no longer be mailed to taxpayers.  This…

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