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Howard S. Gordon, CPAHoward S. Gordon, CPA, MBA, MST has more than 30 years of experience in the field of accounting and taxation. He works extensively with closely held companies, retail businesses, professional practices, wholesale operations, real estate entities, and individuals in all aspects of taxation and estate planning.617-314-6920 Click here to email Howard S. Gordon |
January 20, 2012 The business standard mileage rate, which many employers use to reimburse employees for business miles driven, is 55.5 cents-per-mile for 2012, the IRS has announced. This reflects no change from the second half of 2011. January 17, 2012 Claiming a charitable deduction for a cash contribution is straightforward. The taxpayer claims the amount paid, whether by cash, check, credit card or some other method. Taxpayers need only a bank record or a written acknowledgment from the charity. For contributions of property, the rules can be more complex. January 16, 2012 Looking back over 2011, the IRS, Congress and the courts made many tax decisions impacting taxpayers of all types. Some tax developments were taxpayer-friendly; others imposed new requirements on taxpayers. Here is a brief rundown of the top 10 federal tax developments of 2011. |