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  • Recent Updates
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Recent Updates

Important Announcement about Mailing Tax Payments in IL

Jan 05 in News Flashes, Tax Info

THIS NOTICE HAS BEEN REPLACED BY AN UPDATED RELEASE.  CLICK HERE FOR THE UPDATED RELEASE. 

The Illinois CPA Society issued an Emergency Update today regarding an issue with the United States Postal Service and mailing of tax payments and correspondence to the Illinois Department of Revenue without a street address. This affects estimated tax payments ... Read More ›

IRS Increases Mileage Rate for Remainder of 2022

Jun 10 in News Flashes
The Internal Revenue Service announced yesterday an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business and certain other purposes.For the final 6 months of 2022, the standard mileage rate for ... Read More ›

New tax reporting requirements for payment apps could affect you

Feb 03 in News Flashes, Tax Info

If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t alter your tax liability, but they could add to your recordkeeping burden, as well as the number of tax-related documents you ... Read More ›

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