Entries by Rick Sorrell

Same-Sex Married Couples And Federal Tax Law Changes

The Internal Revenue Service on Friday (8/29/2013) ruled that same-sex couples who have legally wed in jurisdictions that recognize same-sex marriage will be treated as married for federal tax purposes, even if they live in a jurisdiction that does not recognize their marriage as valid.  Revenue Ruling 2013-17 implements federal tax aspects of the June […]

2013 Standard Mileage Rates Allowed By The IRS

The 2013 standard mileage rates for business purposes, and medical and moving purposes show modest increases from 2012 levels.  Beginning on Jan. 1, 2013, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be as follows: 56.5 cents per mile for business miles driven, 24 cents per […]