Newsletter Archieve
January 2014

2014 Pension Plan Limitations

  January 1, 2014

The Internal Revenue Service has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as those governing 401(k) plans and IRAs will remain...Read More


2014 Standard Mileage Rates

  January 1, 2014

Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

56 cents per mile for business miles driven
23.5 cents per mile driven for...Read More


IRS Warns of Pervasive Telephone Scam

  January 1, 2014

The Internal Revenue Service is warning consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country.

Victims are told they owe money to the IRS and it must be paid promptly through...Read More


Upcoming Tax Deadlines

  January 1, 2014

January

Thu 2
Deposit payroll tax for payments on Dec 25-27 if the semiweekly deposit rule applies.

Mon 6
Deposit payroll tax for payments on Dec 28-31 if the semiweekly deposit rule applies.

Wed 8
Deposit payroll tax for payments on Jan 1-3 if ...Read More