IRS Lowers Mileage Rates for 2017
The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning, January 1, 2017, standard mileage rates for the use of an automobile will be:
Monday, April 18th, 2016 is the tax deadline for 2015 filings for most people, but it is extended to April 19th for Massachusetts individuals.
Generally, April 15 of each year is the due date for filing your federal individual income tax return if you are a calendar year filer whose tax year ends on December 31.
If you use a fiscal year (which is a year ending on the last day of any month other than December), your return is due on or before the 15th day of the fourth month after the close of your fiscal year.
If the due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. For example, Friday, April 15, 2016, is Emancipation Day, so tax year 2015 returns are due Monday, April 18, 2016. Taxpayers in Maine and Massachusetts observe Patriots’ Day on Monday, April 18, 2016, so they will have until Tuesday, April 19, 2016 to file.
Your return is considered filed timely if the envelope is properly addressed and postmarked by the due date.
Monday, April 18, is the tax deadline
File your return and pay taxes by April 18 (19th in MA & ME) to avoid late penalties or interest.
Need more time to file your tax return? Get a 6-month extension of time to file your return (but you still must pay on time).
Here’s what to do if you can’t pay on time
These tips will help if you can’t pay all of your taxes by the due date.
Here’s a handy tax calendar for 2016 supplied by the IRS to help you remember when taxes are due. The General Tax Calendar has important due dates for all businesses and individuals. Anyone who must pay excise taxes may need the Excise Tax Calendar.
Phishing scams are becoming more prevalent and constantly evolving. Please note that the IRS won’t be calling or emailing you out of the blue asking you to verify your personal tax information or aggressively threatening you to make an immediate payment. The IRS initiates contact with an official letter that is mailed to your home address, not by telephoning or emailing. If you have any questions to the authenticity of any communications, please consult your tax advisor.
The IRS will never:
ALERT: New tactics by phone scammers
IRS impersonators call claiming they need to verify financial details to process your return.
ALERT: Payroll and HR professionals
An email scheme claims to be from company executives and requests employee W-2 information.
Consumer Alert: Recent phishing schemes
The IRS has seen a 400 percent surge in phishing and malware incidents so far this tax season.
We recently moved from our downtown Lynn offices at 170 Union Street (by December 30th 2013). After many years serving our clients from the heart of our city, we have been forced to relocate because the building is being re-purposed for housing units.
We have new facilities in West Harwich on Cape Cod. This will be our main office location. Our mailing address at the Cape is
William F. Cahalane, CPA
72 Route 28, Suite 2,
West Harwich MA 02671-1112.
Our phone is 774-237-0691. Our FAX is 774-237-0835.
We look forward to seeing clients at our new location, and will continue to serve our corporate clients at their facilities. We will work with our individual tax clients to facilitate exchange of documents and information.
Get directions to our offices and contact info.
