by receptionist@theKFORDgroup.com | Dec 22, 2023 | Newsletters
As always, the IRS sets new milage rates at the end of the year for the coming year. Beginning January 1, 2024, they are as follows: The standard mileage rates for cars, vans, pickups, and panel trucks will be 67 cents per mile for business purposes, up 1.5 cents...
by receptionist@theKFORDgroup.com | Dec 14, 2023 | Newsletters
Treasury Secretary Janet Yellen has announced that the first goal of the IRS Paperless Filing Initiative has been met three months early. Taxpayers can now digitally submit all correspondence and responses to notices using the online IRS Document Upload Tool. The IRS...
by receptionist@theKFORDgroup.com | Dec 7, 2023 | Newsletters
The IRS has released cost-of-living adjustments affecting pension plans and other retirement-related items for tax year 2024. Some of the limits applicable to pension and other retirement plans have increased. For instance, the elective deferral limit for employees...
by receptionist@theKFORDgroup.com | Dec 5, 2023 | Newsletters
The value of a business is relevant in a wide variety of legal contexts, including divorces, shareholder disputes, mergers, bankruptcy, and tax planning. Not every so-called “valuation” service is the same, however. It’s important to understand the different services...
by receptionist@theKFORDgroup.com | Nov 28, 2023 | Newsletters
On October 24, 2023, the Internal Revenue Service (IRS) issued a warning that donors should be aware of criminals who falsely pose as legitimate charities. These fake charities may scam good-hearted donors into making gifts that are for the purpose of helping those in...
by receptionist@theKFORDgroup.com | Nov 14, 2023 | Newsletters
Change is inevitable. When those changes involve tax law, it is extremely important to meet with your financial professional, tax advisor, and legal advisor to discuss any adjustments that may need to be made to your financial, retirement, or estate plan. One change...