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Monthly Archives: January 2015
A taxpayer can substantiate vehicle expenses by keeping an exact record of the amount paid for gasoline, maintenance, insurance, and other costs. However, the optional standard mileage rate method is a simplified method available to businesses, self-employed persons, and employees … Continue reading
The Affordable Care Act (ACA), also referred to as Obamacare, imposes an individual mandate requiring all non-exempt US Citizens and legal residents to enroll in government-approved health insurance OR pay a penalty. The penalty will be collected through the individual’s … Continue reading