WASHINGTON — On December 9, 2011 the IRS (Internal Revenue Service) issued the guidelines for 2012 including the optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. These guidelines will begin on January 1, 2012. This means that the old guidelines used in…

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With 2006 winding up, there are a few people that are beginning to consider their tax situation. I know that a lot of people wait until March to even consider their taxes, but the wise are prepared well in advance. I advise that you use the month of December to gather and organize your receipts…

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I noticed investors pay higher taxes than residents. Is there any loop holes to pay lower taxes for non-residents? Home assessment for property tax does not take investors into consideration. This year my property was valued for the next 2 years. I ran some numbers and appealed to have the assessed value lowered. Not much…

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Everyone can use some tax advice. Get tips for how social security and tax laws work in this free video clip about tax deductible items. Expert: Tom Choisnet Bio: Tom Choisnet has been in self-employed tax practice for over 40 years, and he has been an enrolled agent since 1968. He has prepared over 35000…

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