Accounting News

Friday, June 24, 2011
IRS Ups Mileage Rate

The cost of gas rose in 2011 and the IRS has noticed. Businesses may now use $0.555 per mile as the standard mileage rate for July 1st through December 31st this year. This represents a $0.045 increase from the first six months of the year. Companies and taxpayers may also actual cost on their returns. The rate for moving increased to $0.235 from $0.19 for the same period. This increase does not apply to vehicle expenses deductions for charitable donations. [IRS announcement]

Labels: ,

Accounting News

Tuesday, June 21, 2011
Roni Deutch the ‘Tax Lady’ Pleads Not Guilty

Roni Deutch, the 'Tax Lady plead not guilty to charges of shredding documents and failing to pay fee refunds to clients in violation of an April court order and could be jailed if found guilty. Her counsel, Clyde M. Blackmon of Sacramento, entered the not-guilty plea for a tired looking Deutch. Outside the courthouse a small group of Deutch family members and supporters waved signs and chanted.