Taxesq - IRS Audit and Business Tax Estate Attorney Cherry Hill NJ

Until January 1, 2005, any car worth less than $5000 donated to a charitable organization can be deducted based on the reasonable "blue book" value. The new tax law, effective Jan. 1, 2005, limits your deduction for donations greater than $500 to the gross proceeds...

Should an Extension be Given to the IRS to continue an Audit? =========== Question: http://www.lawguru.com/cgi/bbs/mesg.cgi?i=556453537 =========== Category: Tax and Taxation Law Location: MA Subject: Audit Extension The IRS has been auditing my 2001 Federal return since April, 2003. After no communication since May, 2003, I received a letter last week...

IRS can accept Installment Agreements to pay PArt of Tax Due. New Internal Revenue Code Sec. 6603 provides for the Partial Payment of Tax Liability in Installment Agreements This new section clarifies the IRS authorization to enter into installment agreements with taxpayers for less than full...

New Mileage Rates for 2005 WASHINGTON — The Internal Revenue Service today released the optionalstandard mileage rates to use for 2005 in computing the deductible costs ofoperating an automobile for business, charitable, medical or moving expensepurposes.Beginning Jan. 1, 2005, the standard mileage rates for the use...