Harry & Associates Inc

Harry & Associates Inc

Our Services:
Bookkeeping Services(QuickBooks), Payroll, Tax Preparation, New Business formation

Operating as usual

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Evento Informativo de Migracion, Viernes 9, 2015 ‹ WWGB Radio Poder 1030

Todos Estan Invitados :)

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[12/10/14]   Issue Number: IR-2014-114

Inside This Issue

New Standard Mileage Rates Now Available; Business Rate to Rise in 2015

WASHINGTON — The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck will be:
•57.5 cents per mile for business miles driven, up from 56 cents in 2014
•23 cents per mile driven for medical or moving purposes, down half a cent from 2014
•14 cents per mile driven in service of charitable organizations

The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil. The rate for medical and moving purposes is based on the variable costs, such as gas and oil. The charitable rate is set by law.

Taxpayers always have the option of claiming deductions based on the actual costs of using a vehicle rather than the standard mileage rates.

A taxpayer may not use the business standard mileage rate for a vehicle after claiming accelerated depreciation, including the Section 179 expense deduction, on that vehicle. Likewise, the standard rate is not available to fleet owners (more than four vehicles used simultaneously). Details on these and other special rules are in Revenue Procedure 2010-51, the instructions to Form 1040 and various online IRS publications including Publication 17, Your Federal Income Tax.

Besides the standard mileage rates, Notice 2014-79, posted today on IRS.gov, also includes the basis reduction amounts for those choosing the business standard mileage rate, as well as the maximum standard automobile cost that may be used in computing an allowance under a fixed and variable rate plan.


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content.govdelivery.com 11/18/2014

IR-2014-103: Information Reporting Program Advisory Committee Issues Annual Report

content.govdelivery.com WASHINGTON ― The Information Reporting Program Advisory Committee (IRPAC) today issued its annual report for 2014, including numerous recommendations to the Internal Revenue Service on new and continuing tax administration issues.

content.govdelivery.com 11/18/2014

IR-2014-104: In 2015, Various Tax Benefits Increase Due to Inflation Adjustments

content.govdelivery.com WASHINGTON — For tax year 2015, the Internal Revenue Service announced today annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 provides details about these annual adjustments. The tax items for tax year 2…


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Our Services...
Bookkeeping Services (QuickBooks), Payroll. Tax Preparation. New Business Formation



4101 Chain Bridge Rd
Fairfax, VA

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
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