Reducing the need to keep canceled checks

Article Abstract:

The IRS has passed new regulations that will allow tax payers to use financial-account statements rather than cancelled checks as proof of payment. The check number, its amount, the date posted to the account and the payee's name must be included on the statement.

Tax deductions

---

A higher mileage rate and an elevated wage base

Article Abstract:

The standard deduction for business use of an automobile has been raised by the IRS. In 1992 the standard deduction is 28 cents a mile. In addition wage bases for payroll taxes, Social Security, and Medicare have been raised for 1992.

Analysis, Management, Personal finance, Tax planning

---

What you should do if the IRS comes knocking

Article Abstract:

The tax returns of small businesses and their owners are usually audited at the same time by the Internal Revenue Service. Ways for them to cope with a tax audit are described.

Finance, Small business, Tax auditing, Tax audits

Similar abstracts:

• Abstracts: Kodak to unveil photo compact disks that show images on television screens. Kodak hopes electronic imaging clicks, as company faces fuzzy photo future
• Abstracts: Understanding the new pension math. FAS 87 - what it means for business. FAS 105: an industry perspective
• Abstracts: Buying what you need to run programs, without going too far. With a good modem, PC suddenly means phone connections
• Abstracts: Renewing American Enterprise. Human dimension of enterprise. Building the American future
• Abstracts: Microsoft sound card adds to the noise in PC marketplace. Contact customers, make campaign fliers, do desktop publishing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.