Blog posts from: 2015

Four reasons to file your taxes early

  • January 20, 2015
  • Mark Hughes CPA CFE

Beginning today, the IRS will begin accepting tax returns electronically and paper return will begin processing at the same time. Even though you have until the April 15 deadline, there are many advantages to filing your taxes early. Early filing...

IRS offers rules on hardship exemptions related to Affordable Care Act

  • January 13, 2015
  • Mark Hughes CPA CFE

The Internal Revenue Service has issued a notice, regulations and other guidance related to the Affordable Care Act, including information on getting a hardship exemption from the individual mandate for health insurance coverage. Notice 2014-76 provides a list of the...

IRS raises standard mileage rate for businesses

  • January 8, 2015
  • Mark Hughes CPA CFE

The Internal Revenue Service recently issued  Notice 2014-79 which outlines the 2015 optional standard mileage rates that are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the...

IRS adjusts tax rate and deduction levels for 2015

For tax year 2015, the Internal Revenue Service recently announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. A list of the more significant items that are increased for 2015...