Due to rising gasoline prices, the Internal Revenue Service has taken the rare step of increasing its optional standard mileage rates for the last six months of the 2022 tax year. These rates are significant since taxpayers use them to calculate the deductible costs of operating a vehicle for business purposes.… Read more about 2022 Mileage Rates Increasing (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Choose wisely; that’s the message from the Internal Revenue Service to business owners when it comes to deciding whether people who provide services to the company are employees or independent contractors.… Read more about Employee or Independent Contractor? (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
To help compensate for a shortage of diesel fuel in the wake of Hurricane Ida in Louisiana, the Internal Revenue Service has extended its relief measures basically allowing dyed diesel fuel to be temporarily sold and used for highway purposes.… Read more about Louisiana Dyed Fuel Relief Extended (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Parts of Pennsylvania have been added to the list of locations eligible for tax relief measures in the wake of Hurricane Ida.… Read more about IRS Announces Tax Relief for Pennsylvania (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…