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Small Business Taxes & ManagementTM has been providing tax and management guidance to small and medium sized businesses and their owners since 1980. This page is updated daily, Monday thru Friday. We invite your comments.

Copyright 1996-2014 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information with regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Please keep in mind that the tax law is constantly changing.--ISSN 1089-1536



Daily Update . . . . . . . . December 22, 2014

News and Tip of the Day

To Do List-----Federal Tax Calendar--December, 2014
To Do List-----All States Tax Calendar--December, 2014

Special Reports--

Tax Extenders Package Passed--Tax Increase Prevention Act of 2014--12/17/14
Medical Deduction for Swimming Pool--12/12/14
Basic Tax Rules for Gifts--12/08/14
S Corporation Officers' Salaries--FAQ Updates and Additions--12/03/14
Year-End Planning--Part 3--Individuals--12/01/14
Year-End Planning--Part 2--Businesses--11/26/14
Year-End Planning--Part 1--2014 Basics--11/21/14
Artist With History of Losses Defeats IRS--11/18/14
Tax Implications of Investing in Rental Properties--11/06/14
Tax Guidance Related to Ebola Outbreak in Guinea, Liberia and Sierra Leone--10/29/14
Investing in Rental Real Estate--Part II--10/28/14
Investing in Rental Real Estate--Part I--10/27/14
IRS Announces 2015 Inflation Adjusted Pension Plan Limitations--10/23/14
Other Recent Additions/Updates--

Summary of 2014 Revenue Rulings, Procedures, Regulations, etc.--Bulletin 52 for 2014--(Links to Prior Years)--12/20/14
Synopses of Tax Court Cases--New Additions - Week Ended December 20, 2014--(Links to Prior Years)--12/20/14
Applicable Federal Rates (AFR)--January, 2015--12/19/14--Blended Rate-2014 - - -  IRS Interest Rate-Short List
Depreciation Tables--Updated for 2014 Sec. 179 limits--12/19/14
Tax Facts for Individuals--2014 Update for Tax Extenders Act--12/17/14
IRS Publications--Additions--12/15/14
Auto and Vehicle Tables--Standard mileage rate for 2015--12/10/14
Interest Rates on Over- Underpayments--First Quarter 2015 - - -  IRS Interest Rate-Short List--12/04/14
Checklist Addition--Carryforward Items--12/03/14
Business and Tax Formulas, Ratios, Etc.--Cash Break-Even Formula added--11/24/14
Worksheet Addition--Net Operating Loss-Business-Nonbusiness Income and Dedutions for Individuals--11/20/14
Tax Facts for Individuals--Inflation adjustments, tax brackets, personal exemption, etc. 2015--11/10/14
Special Reports--Index update--11/07/14
Reference Section--

Inflation Adjusted Tax Rates--Plus Personal Exemptions, Standard Deduction, Phaseout Amounts, etc.--
Checklists and Worksheets--Index
State Sites--Links to tax, secretary of state, and CPA state society, business licenses and annual report requirements for all states.
Frequently Asked Questions
Special Reports--Articles of continuing interest.
Glossary--A collection of tax and business terms.     A-M    N-Z
Abbreviations--Some common abbreviations used in business and finance.
Business, Tax, Accounting Formulas--Formulas, ratios, math, etc.
Special Forms--Corporate, special tax, elections, business, etc. forms.
IRS Interest Rates, AFRs--AFR (applicable federal rate), interest rate on over- and underpayments.
Corporate and Individual Tax Rates--Rates, standard deduction, personal exemption, phaseout rules, etc. for 2014 and prior years.
Vehicle Tables--Standard mileage rates, luxury car depreciation limits, amounts for valuing employee use, inclusion amounts for leased vehicles.
Depreciation Tables--The most common depreciation tables and examples of how to use them.
List of Expiring Tax Provisions 2013-2023
IRS Publications--A searchable list of the most popular IRS publications.--Latest changes to publications.
IRS Forms--A searchable list of the most popular IRS forms.
Small Business Links--Essential links for business owners.
Valuation Guide for Charitable Contributions--The thrift shop value of selected items.
Private Delivery Services--Services that qualify for the 'timely mailed is timely filed' IRS rule.
High-Low Per Diem Amounts; SIFL Rates
Percentage Withholding Tables    2014

IRS Quick Links--

IRS Forms and Publications    Changes to Forms and Publications    Draft Forms
Internal Revenue Bulletins
News Releases and Fact Sheets
IRS Tax Professionals Page    IRS Small Business/Self-Employed Page
Local IRS News--IRS news specific to local areas, such as disaster relief.     Local IRS Offices--Find your local IRS office.
Tax Relief in Disaster Situations--Recent disasters, additional info from IRS.    State-by-State Links--(incl. older disasters)     FEMA Disaster Declarations    Hurricane Sandy
Exempt Organizations--Check status of charitable organization.    Automatic Revocation of Exemption List--Charities who failed to file returns.    Tax Benefits for Higher Education
IRS Earned Income Tax Credit Assistant--Determines eligibility for credit and approximate amount.
Alternative Minimum Tax Assistant--Find out if you're subject to the AMT.    Sales Tax Deduction Calculator--Find the amount of sales tax you can deduct.
Where to File--Caution. There are different addresses for individual taxpayers, with and without payments, professionals, business, etc.
IRS 1040 Central--A number of pages for individual tax help.    Free File--File electronically for free.
Where's My Refund?--Enter your Social Security number, filing status, and refund amount to find the status of your IRS refund. Same for State Refunds.

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