The Internal Revenue Service has announced the 2013 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business purposes. Beginning January 1, 2013, the standard mileage rates for the use of a car, van, pickup or panel truck is 56.5 cents per mile for business miles driven, up one penny from a year ago.

Jason Resnick

The recent passing of the fiscal cliff brings higher income taxes for some, but everyone caught a break with a permanent resolution to the estate tax quandary. Estate tax parameters have changed nine times between 2002 and 2012.  However, for the first time in 12 years there is longer-term certainty in the tax code with respect to the estate tax.

Matt Lewis

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