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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 1996-2016 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 . . . . . . . . July 25, 2016

News and Tip of the Day

To Do List-----Federal Tax Calendar--July, 2016
To Do List-----All States Tax Calendar--July, 2016

Special Reports--

Sole Proprietorship May be Easiest Approach for Some Businesses--07/22/16
Child and Dependent Care Credit--Summer camp may qualify--07/19/16
Timing Can be Critical in Securing Deductions--06/30/16
IRS Security Summit Reviews and Initiatives--06/29/16
IRS Warns Consumers of Possible Scams Relating to Orlando Shooting--06/14/16
Check Fraud--Steps you can take to prevent it--06/09/16
Like-Kind Exchange of Vacation Properties--Requirements to qualify--05/27/16
Financial Elder Abuse--Steps you can take--05/18/16
TIGTA Issues Audit Report on Hobby Losses--05/12/16
What's the Definition of Income?--It's more complex than you think.--04/29/16
Last-Minute Tips for Filing Your Taxes--04/15/16
Other Recent Additions/Updates--

Synopses of Tax Court Cases--Week Ended July 23, 2016--(Links to Prior Years)--07/23/16
Summary of 2016 Revenue Rulings, Procedures, Regulations, etc.--Bulletin 30 for 2016--Short List--(Links to Prior Years)--07/23/16
Applicable Federal Rates (AFR)--August, 2016--07/18/16 - - - Blended Rate-2016 - - -  IRS Interest Rate-Short List
Mortgage Interest Deduction--Checklist updated--07/12/16
Abbreviations--Some common abbreviations used in business and finance, and taxes--Additions--07/07/16
Carryforward Items--Checklist additions and updates--07/05/16
IRS Publications--Updates--06/28/16
IRS Forms--Updates and Additions--06/21/16
Business, Tax, Accounting Formulas--Quick Ratio added--06/16/16
Interest Rates on Over- Underpayments--Third Quarter 2016 - - -  IRS Interest Rate-Short List--06/06/16
Special Reports--Index update--05/24/16
Business, Tax, Accounting Formulas--Margin of Safety added--05/23/16
Private Delivery Services--Accepted for timely filing rule--additions--05/05/16
Tax Facts for Individuals--Health Savings Accounts 2017--05/03/16
Standard Industry Fare Level (SIFL) for January 1 through June 30, 2016--04/08/16
Auto and Vehicle Tables--Maximum depreciation for 2016--04/01/16
Reference Section--

2016 Individual Tax Return Checklist for 2015 Returns
S Corporation Tax Return Checklist for 2015 Returns
Partnership Tax Prep Checklist for 2015 Returns

Inflation Adjusted Tax Rates--Plus Personal Exemptions, Standard Deduction, Phaseout Amounts, etc.--
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.
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    2016

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     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.
Expiring Tax Provisions 2016-2025--List of expiring provisions from the Joint Committee on Taxation
Additional IRS Links--Other helpful pages at IRS.gov.

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