You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines. 1.Internal Revenue Service. IRS Increases the Standard Mileage Rate for Business Use in 2025; Key Rate Increases 3 Cents to 70 Cents per Mile. 2.Internal Revenue Service. Publication 463: ...
The IRS uses the Collection Financial Standards to help determine the taxpayer’s ability to pay a delinquent tax liability. The standards vary in amount based upon the size of a family and the state and county where the taxpayer resides. They are intended to be “guidelines,” but the IRS ...
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April 15, 2025: Main deadline for filing federal taxes for the 2024 tax year. Extension Option: October 15, 2025, is the extended deadline for those filing late. Follow IRS Rules: Adherence to IRS guidelines is crucial for accurate filing. State Tax Awareness: Be mindful of your state's...
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HSAs or Health Savings Accounts save on taxes & health care costs. See the 2025 HSA contribution limits and other IRS guidelines.
Follow Instructions Carefully:When completing the application, carefully read and follow the instructions provided by the IRS. Adhering to the guidelines will reduce the chances of errors or omissions that can slow down the processing time.
All valuations performed by Equity Valuation Associates are in accordance to the standards, guidelines, methods, and procedures outlined in the IRS Revenue Ruling 59-60 and/or the Financial Accounting Standards Board (FAS) 157.
International Tax Attorneys for Offshore Voluntary Disclosure HelpThere may be one positive change for taxpayers: under the new IRS guidelines, the original 27.5% offshore penalty on the fair market value (FMV) of undisclosed unreported income generating assets will no longer be assessed. However, ...
Beyond serving as a roadmap for businesses, the publication underscores the importance of strict adherence to IRS guidelines, cautioning against the exaggeration of expenses or the deduction of unallowable costs, with penalties as potential consequences. Furthermore, the guide addresses the impact of ...