The IRS in Notice 2016-01 has announced the standard mileage rates for 2016. Due to the declining gas prices in 2015 the rates have taken a significant drop.
54 cents per mile for business miles driven (down from 57.5 cents in 2015)
19 cents per mile driven for medical or moving purposes (down from 23 cents in 2015)
14 cents per mile driven in service of charitable organizations (fixed by Congress, never adjusted for inflation)
Orin Hatch, R-Utah and Ron Wyden, D-Oregon, both leaders of the Senate Finance Committee are soliciting ideas from stakeholders on how to best overhaul the tax code to make it simpler, fairer, and more efficient.
A federal judge, James Boasberg, the same judge who handed down the Loving v. IRS ruling last year invalidating the IRS’s attempt to impose mandatory testing and continuing education of non-credentialed tax preparers, has dismissed a lawsuit against the Internal Revenue Service by the American Institute of CPAs over its new program offering voluntary education and testing of non-CPA tax preparers.
The Internal Revenue Service intends to process complaints against tax preparers from their clients in a more timely way, in response to a new government report that found it had begun work on only about half the complaints it received since October 2012.