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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 1996-2015 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 . . . . . . . . October 6, 2015

News and Tip of the Day

To Do List-----Federal Tax Calendar--October, 2015
To Do List-----All States Tax Calendar--October, 2015

Special Reports--

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock--10/02/15
Cashing Business Checks, Required Car Logs and Interest Deductions--09/23/15
Home-Based Businesses as Tax Scams--Updates and additions--09/08/15
Discount Strategies--Do they increase profits?--08/28/15
Court Finds Mortgage Debt Ceiling Applies on a Per-Taxpayer Basis--Tax Court gets it wrong--08/27/15
Tax Provisions in Surface Transportation and Veterans Health Care Choice Improvement Act--Due dates of many returns will change--08/11/15
Capital Gain or Ordinary Income?--Tax Court decision surprises many--08/07/15
Tax Provisions in Recently Passed Legislation--07/27/15
Taxpayer Advocate Reports on 2015 Filing Season--07/16/15
Reporting Intercompany Transactions--07/15/15
Converting Personal-Use Realty to Rental--You've got to show you're serious--07/06/15
Separate Return Defined--U.S. Court of Appeals overrules Tax Court--06/22/15
Other Recent Additions/Updates--

Summary of 2015 Revenue Rulings, Procedures, Regulations, etc.--Bulletin 40 for 2015--Short List--(Links to Prior Years)--10/03/15
Synopses of Tax Court Cases--New Additions (none) - Week Ended October 3, 2015--(Links to Prior Years)--10/03/15
Standard Industry Fare Level (SIFL) for July 1 through December 31, 2015--09/22/15
High-Low Per Diem Amounts 2015/2016-High- and Low-Cost Rates--09/17/15
Applicable Federal Rates (AFR)--October, 2015--09/17/15 - - - Blended Rate-2015 - - -  IRS Interest Rate-Short List
State Sites--Links to state tax sites updated--09/11/15
Interest Rates on Over- Underpayments--Fourth Quarter 2015 - - -  IRS Interest Rate-Short List--09/04/15
Election to Amortize Start-Up Expenditures--Addition--08/24/15
IRS Publications--Additions--07/23/15
Business, Tax, Accounting Formulas--Net Working Capital added--07/09/15
Reference Section--

Inflation Adjusted Tax Rates--Plus Personal Exemptions, Standard Deduction, Phaseout Amounts, etc.--
2015 Individual Tax Return Checklist for 2014 Returns
S Corporation Tax Prep Checklist for 2014 Returns
Checklists and Worksheets
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.
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    2015

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
Priority Guidance Plan--Upcoming regulations, periodic revenue procedures, rulings, etc. with anticipated dates.
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
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.

Need help? Comments?--

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