Business taxes, Individual taxes
The IRS announced that it started accepting Form 4562 (Depreciation and Amortization) for processing on Sunday, February 10, 2013. Form 8863 (Education Credits) should be ready for processing on Thursday, February 14, 2013. With the addition of these forms, e-filing...
Business taxes, Individual taxes
Through its online service, Where’s My Refund?, the IRS promises to be able to provide you with the status of your return within 24 hours of e-filing. If you file on paper, the status of your return might not be available for 4 weeks after the IRS receives your...
Business taxes, Home Office, Individual taxes
The IRS recently released Rev. Proc. 2013-13, which provides an optional safe harbor method that individual taxpayers may use to determine their home office expense deduction. The new method is an alternative to the current requirements of IRC § 280A and is effective...
Business taxes, Individual taxes
The following numbers apply to 2012 returns: Standard Deduction Single – $5,950 Married filing separately – $5,950 Married filing jointly – $11,900 Head of Household – $8,700 Surviving Spouse – $11,900 Personal Exemption Personal and...
Business taxes, Individual taxes
The IRS has announced that it will start accepting most individual returns on January 30, 2013. That is a little later than usual, due in large part to all of the programming and form changes resulting from the American Taxpayer Relief Act of 2012. Some forms that...
Business taxes, Individual taxes, Interest and Penalties, Tax Debts and Collections
The Internal Revenue Service has announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2013. The rates will be: three (3) percent for overpayments [two (2) percent in the case of a corporation]; three (3) percent for...
Business taxes, Individual taxes
The IRS has announced standard mileage rates for 2013. Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car will be: 56.5 cents per mile for business miles driven; 24 cents per mile driven for medical or moving purposes; 14 cents per mile driven...
Allegheny County 2012 Assessment, Property Tax
The Allegheny County Office of Property Assessment has added a section to its website that allows you to view the average increase in 2013 property reassessment values broken down by municipality and school district. This information will be helpful to anyone out...
Allegheny County 2012 Assessment, Property Tax
It is estimated that as many as 100,000 assessment appeals will be filed in Allegheny County. If you are interested in filing a formal appeal of your 2013 assessment, please note: The deadline for all formal appeals is: APRIL 2, 2012 All 2013 reassessment values are...
Allegheny County 2012 Assessment, Property Tax
New values for the northern and western suburbs are scheduled to be mailed out today, and are already available online at the county’s property assessment website. Based on a quick look at values for some northern properties, it looks like more of the same. The new...