Friday, 26 January 2018 14:19

Changes to Federal Tax Withholding for 2018

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The IRS recently released updates to the income-tax withholding tables for 2018. This change updates the 2018 tax tables in accordance with the tax reform legislation enacted at the end of the year (HR1). Employers should update their tables as soon as possible, but at least by February 15th.

The IRS states that the new law “makes a number of changes for 2018 that affect individual taxpayers. The new tables reflect the increase in the standard deduction, repeal of personal exemptions and changes in tax rates and brackets.” The IRS is also working on revising the withholding tax calculator on their website to assist individuals in determining their withholding on the form W-4.

As a result of the table change, employees should generally see an increase in their take home pay. We have already seen increases to take home pay ranging from 1.5% to 2.5%. As a reminder, now might be a good time to increase your contribution to your 401k retirement plan. Adding an additional 1% to your retirement plan will likely result in a slight increase to your take home pay and an increase to your retirement account, resulting in a “win-win” scenario.

Additional information regarding the updated withholding tables can be found here:
Friday, 15 December 2017 10:25

IRS Business Mileage Rate Increased for 2018

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On December 14, 2017, the Internal Revenue Service announced that the standard mileage rates for business will be increased for 2018.


For the year 2018, the optional standard mileage rate will be 54.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.


The rate for computing the deductible medical or moving costs have also increased to 18 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at:

Tuesday, 29 December 2015 14:49

IRS Business Mileage Rate Decreased for 2016

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On December 17, 2015, the Internal Revenue Service announced that the standard mileage rates for business will be decreased for 2016.


IRS announces additional assistance for identity theft victims

The IRS has recently announced the creation of a toll free hotline for use by Identity Theft Victims. The new IRS Identity Protection Specialized Unit (800 908-4490) will take actions to mark the affected accounts so that identity theft issues may be resolved more quickly and reduce the burden of resolving any related issues in future years.

For further information individuals may go to’s Identity Theft website at:,,id=136324,00.html

Tuesday, 06 March 2007 17:00

IRS 2007 “Dirty Dozen” Tax Scams

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The Internal Revenue Service recently identified 12 of the most blatant scams affecting American taxpayers.

This year the “Dirty Dozen” highlights five new scams that IRS auditors and criminal investigators have uncovered. New to the Dirty Dozen this year are abuses pertaining to the special Telephone Excise Tax Refund, Roth IRAs, the American Indian Employment Credit, domestic shell corporations and structured entities.

Involvement in tax schemes leads to problems for scam artists and taxpayers. Tax return preparers and individual taxpayers risk significant penalties, interest and possible criminal prosecution. “Taxpayers shouldn’t let their guard down,” IRS Commissioner Mark W. Everson said. “Don’t get taken by scam artists making outrageous promises. If you use a tax professional, pick someone who is reputable. Taxpayers should remember they are ultimately responsible for what is on their tax return even if some unscrupulous preparers have steered them in the wrong direction.”

The IRS urges taxpayers to avoid these common schemes:

1. Telephone Excise Tax Refund Abuses

2. Abusive Roth IRAs

3. Phishing

4. Disguised Corporate Ownership

5. Zero Wages 

6. Return Preparer Fraud

7. American Indian Employment Credit

8. Trust Misuse

9. Structured Entity Credits

10. Abuse of Charitable Organizations and Deductions

11. Form 843 Tax Abatement

12. Frivolous Arguments

How to Report Suspected Tax Fraud Activity:

Suspected tax fraud can be reported to the IRS using IRS Form 3949-A, Information Referral. Form 3949-A is available for download from the IRS Web site at, or by mail by calling 1-800-829-3676. The completed form or a letter detailing the alleged fraudulent activity should be addressed to the Internal Revenue Service, Fresno, CA 93888. The mailing should include specific information about who is being reported, the activity being reported, how the activity became known, when the alleged violation took place, the amount of money involved and any other information that might be helpful in an investigation. The person filing the report is not required to self-identify, although it is helpful to do so. The identity of the person filing the report can be kept confidential. The person may also be entitled to a reward.

IRS 'Dirty Dozen' article

IRS 'Tax Scams' webpage

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