TaxEase, LLC
Internal Revenue Service
Forms and Publications for Tax Professionals.
Resources for information regarding filed tax
returns.
CA Franchise Tax Board
California Forms and Publications for Tax
Professionals. Resources for information
regarding filed tax returns.
877-829-2667
Professional Tax Education
H.R 4853. Tax Relief, Unemployment Insurance Reauthorization, and
Job Creation Act of 2010, was passed by Congress in December 2010.
HR 4853
TaxEase has prepared a Reference Guide to assist in the
preparation of 2010 tax returns.
Standard Mileage Rates Change for the Final 6 Months of 2011
The Internal Revenue Service today announced an increase in the
optional standard mileage rates for the final six months of 2011.
Taxpayers may use the optional standard rates to calculate the
deductible costs of operating an automobile for business and other
purposes. In recognition of recent gasoline price increases, the IRS
made this special adjustment for the final months of 2011. The IRS
normally updates the mileage rates once a year in the fall for the
next calendar year.
The rate will increase to 55.5 cents a mile for all business miles
driven from July 1, 2011, through Dec. 31, 2011. This is an
increase of 4.5 cents from the 51 cent rate in effect for the first six
months of 2011, as set forth in Revenue Procedure 2010-51.
The new six-month rate for computing deductible medical or
moving expenses will also increase by 4.5 cents to 23.5 cents a
mile, up from 19 cents for the first six months of 2011. The rate for
providing services for charitable organizations is set by statute,
not the IRS, and remains at 14 cents a mile.
The new rates are contained in Announcement 2011-40 on the
optional standard mileage rates.