Mike's weekly post usually concentrated on tax saving strategies.
IRS PIN Announcement: DO NOT THROW OUT
If you are one of the unfortunate victims of IRS identity theft you will need a one-time PIN to file your tax return. Without this numeric identifier your 2015 tax return will be rejected. The IRS issues taxpayer victims this PIN in a written notice.
Now is the time to make your estimated tax payment
If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The fourth quarter due date is now here.
2016 Mileage Rates Now Established
The IRS recently announced mileage rates to be used for travel in 2016. The Business mileage rate decreases by 3.5 cents while Medical and Moving mileage rates are lowered by 4.0 cents. Charitable mileage rates are unchanged.
TIPS FOR THE MONTH - JUNE
The Supreme Court expects to rule on Affordable Care Act subsidies in June. Watch for details.
June 15 is the due date for making the second payment of 2015 individual estimated tax.
Do mutual fund tax planning at midyear
Are mutual funds part of your portfolio? As you begin your mid-summer investment review in preparation for year-end, think about how your funds can affect your federal income taxes.
Here are two things to consider.
