Identity
Theft: If you have been a victim of tax related identity theft, please check this link from the
IRS. It will help you through the maze of getting this fixed. http://www.irs.gov/Individuals/Identity-Protection
IRS
Scams: IRS Scaming has now hit Clinton County. It
may be through e-mail, phone or text message. Please be aware that IRS will not call and demand money without
first sending a paper bill (usually by registered mail). Please read the article on the IRS Website for more
information on what to do if you are called-
https://www.irs.gov/newsroom/security-summit-partners-warn-tax-pros-of-heightened-fraud-activity-as-filing-season-approaches
Michigan minimum
wage Check it out on the Employment Forms and Links page!
Coprorate Transparency Act
(CTA: This goes into effect on January 1, 2024. It is a new federally mandated filing
requirement on most corporations, limited liability companys and limited partnerships and certain other business
entities. There are exceptions and additions as you would expect. I will not be able to file them for
you at this time. Please click thie following link for more information: Beneficial Ownership Information Reporting | FinCEN.gov
2023 Standard
Mileage Rates
Beginning January 1, 2023, the standard mileage rates for the use of a vehicle
will be:
- 65.5 cents per mile driven for business purposes - (2022 was
58.5 and 62.5 after July 1, 2022)
- 22 cents per mile driven for medical or moving purposes (2022
was 18)
- 14 cents per mile driven in service of charitable organizations (no
change)
Notice 2022-234 contains the standard mileage rates for 2023, the amount a taxpayer must use in calculating
reductions to basis for depreciation taken under the business standard mileage rate and the maximum standard
automobile cost that a taxpayer may use in computing the allowance under a fixed and variable rate
plan.
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