Congress Passes Emergency Pension Tax Relief/Technical Corrections

  • December 19, 2008

The continuing drumbeat of bad economic news has spurred the lame-duck Congress to pass an emergency package of pension recovery provisions and pension-related technical corrections.

IRS lowers business standard mileage rate to 55 cents-per-mile for 2009; Rate for medical/moving also drops

  • December 17, 2008

The IRS has just released the 2009 optional standard mileage rates, effective beginning on January 1, 2009.

Year-end brings tax cutting opportunities for individuals and businesses

  • December 17, 2008

December is always a busy month with a flurry of holiday and year-end activities. In the rush of events, it's easy to forget that the end of the year is also a very important time for tax planning. This year is no exception. Indeed, 2008 has been one of the busiest years for federal tax legislation.