Midstate Chamber of Commerce, Inc. News
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December 10, 2007The IRS's January Tax Talk Today (TTT) program, Getting Ready for the Filing Season 2008: Part 2 (Businesses), on Tuesday, January 8, 2008 at 2 p.m. will give tax professionals, their clients, and small business owners a head start.
The show's panel of experts will discuss business tax return issues for small businesses and self-employed taxpayers, recent tax law changes and updates for the 2007 tax year, IRS regulations, business credits, common errors, and processing issues which impact filing business returns for the 2007 tax year.
Sponsored by the IRS, Tax Talk Today is a free, live, monthly interactive Webcast. Viewers can register online at www.TaxTalkToday.tv. The IRS has also announced an increase in the 2008 standard mileage rate commonly used to reimburse employees for business use of a car to 50.5 cents per mile, up from 48.5 cents in 2007. The new rate will apply to miles driven beginning Jan. 1. Employers who use the IRS standard mileage rate to reimburse employees may deduct the reimbursement as a business expense. For more on mileage reimbursement rates, visit the IRS Web site.
Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.The “original publication date” of Member News articles posted on this web site reflects the date this article was added to the Chamber database and may not necessarily reflect the date such news events occurred.