8 March, 2013 | Tax Compliance
New York State Filing Tips According to the New York State Department of Taxation and Finance, taxpayers tend to make several common mistakes every year. The following list is a way for you to double check so you can hopefully avoid simple filing errors with this tax help. Always file. Avoid the penalties and interest that occur when you file late.... CONTINUE READING
21 January, 2013 | Tax Compliance
Mileage Logs: Keeping records is not enough to guarantee tax deductions Every year the Internal Revenue Service issues optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical, or moving purposes. Starting on January 1, 2013, the stand mileage rates for the use of an automobile are: 56.5 cents per mile for business miles driven 24 cents per mile driven fo... CONTINUE READING
Summary The IRS Form 12277, Application for Withdrawal of Filed Form 668(Y), is used to request the withdrawal of a federal tax lien filed by the IRS due to unpaid tax liabilities. The form applies when you need to remove the public lien notice and qualify for withdrawal. To be eligible...
