Mileage Rates for 2014 and 2015

The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2015, the standard mileage rates for the…
collector is trying to get the arrears from mature woman

Taxpayers are Entitled to Representation

The direct contact provisions of Internal Revenue Code Section 7521 generally require IRS personnel to stop a taxpayer interview whenever a taxpayer requests to consult with a representative, and prohibits IRS personnel from bypassing a qualified representative without supervisory approval…

IRS Emails

The facts and circumstances at issue here surrounding the testimony before Congress regarding the lost IRS Emails are of great concern to me. I believe this matter to be every bit as serious as the Watergate scandal. I’m convinced we…
Chartered Global Management Accountant

Cook Awarded CGMA Designation

Birmingham, AL (June 28, 2014) – Gregory J. Cook, owner of Cook & Co. Tax Advisors, has been awarded the Chartered Global Management Accountant (CGMA) designation from the American Institute of CPAs and the Chartered Institute of Management Accountants. The…

Florida Man Owes IRS 150% Penalty on Swiss Account

A federal jury found an 87-year-old Florida man owes the U.S. government civil penalties amounting to 150 percent of the value of his Swiss bank account, the biggest such penalty by percentage on record, his lawyers said. http://www.bloomberg.com/news/2014-05-28/florida-man-87-owes-150-of-swiss-account-jury-says.html  

Senate Republicans Block Tax Cuts

Senate Republicans blocked a package of more than $80 billion in tax cuts. The bill would have revived more than 50 tax breaks that lapsed Dec. 31 and would have extended them through 2015. I hope and pray the good…

GOVERNOR’S TAXES

GOVERNOR’S TAXES – Alabama Governor Robert Bentley’s tax form shows an adjusted annual income of $373,000 in documents just mailed to the IRS. What makes that unusual is Bentley refuses to take a salary until unemployment falls to 5.2 percent…
heartbleed test result

Security Notice

NONE OF OUR SERVERS OR THOSE OF OUR VENDORS WERE AFFECTED BY “HEARTBLEED”. You’ve probably heard about the Security Alert regarding “HEARTBLEED”, the code exploit that manipulates OPENSSL. Heartbleed is a catastrophic bug in OpenSSL, a software library of great…
schedule

April Is Here!

This is a snapshot of our schedule this past Saturday. No evening appointments on Saturdays, but as you can see, we had no openings. If you have not yet scheduled an appointment, please don’t delay. These last few weeks are…

Shared Responsibility Payment

Starting January 2014, you and your family must either have health insurance coverage throughout the year, qualify for an exemption from coverage, or make a payment when you file your 2014 federal income tax return in 2015. Many people already…