Archives for February 2012

The IRS announced on January 20, 2012 by issuing SBSE 05-0112-013 that it has made significant changes to its steamlined installment agreements (SIA). What is a SIA? The IRS has the authority to enter into a written installment agreement that enables a taxpayer [Read more…] about IRS Eases Streamlined Installment Agreements

The IRS has released (IRS Notice 2012-1) the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes.

Beginning January 1, 2012, the standard mileage rates for the use of a car (including vans, pickups or panel trucks) will be: [Read more…] about IRS Announces 2012 Mileage Rates