IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
ID - Forestland tax redesignations may be made in 2012 Since the current 10-year Idaho forestland (property) tax
designation period will expire at the end of 2012, during the
coming year a forest landowner may change from the productiv...
WA - Taxability of insurers explained The Washington Department of Revenue has updated an industry guide
on the application of sales and use tax to the insurance industry.
Insurers and affiliates are responsible for pa...
Welcome to Clark Anderson McNelis & Co., P.A. We are a CPA firm located in Coeur d’Alene, Idaho offering accounting, tax and consulting services for businesses and individuals. Our staff has the experience to serve the needs of those locally in North Idaho and throughout the entire country.
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Clark Anderson McNelis & Co., P.A.560 W Canfield Ave, Suite 100Coeur d’Alene, ID 83815Phone: (208) 772-6460
