Carl A. Newsome, CPA

News

Accounting, Tax and Technology Tidbits

• Tax Freedom Day
  April 18th Named Tax Freedom Day
  Tax Freedom Day -- the day when Americans will have earned enough to pay their total tax bill for the year -- won't occur until April 18 this year, five days later than last year.
   
• IRS Mileage Rates
  IRS Announces 2013 Standard Mileage Rates
  The standard mileage rate for business increases to 56.5 cents per mile for 2013.
   
• IRS Penalty Relief
  IRS Grants Taxpayers Late-Payment Penalty Relief
  The Internal Revenue Service is giving relief from late-payment tax penalties to individuals and businesses that request a tax-filing extension because they are attaching to their returns any of the forms that couldn't be filed until after January.