Posts made in January, 2017

IRS REDUCES STANDARD MILEAGE RATES FOR 2017

By on Jan 19, 2017 in Uncategorized | 0 comments

The IRS has announced decreases in the standard mileage rates that taxpayers will use for calculating business, medical, and moving expenses in 2017. Use of the standard mileage rate is a popular alternative to using the actual expense method, which requires taxpayers to keep track of specific costs for maintenance, repairs, tires, gas, oil, insurance, etc. Business...

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