Local CPA Talk About Tax Changes for 2011

Tom Walpole, CPA, PFS joined Katrina Irwin on News 8 at Sunrise Monday to talk about some changes the IRS has made for 2011.

He says, Energy credits are back, but different from previous years. There are also changes to basis reporting, that effects people selling stocks.

There are also changes to the 1099-K form which effects businesses that take debit and credit cards.

Mileage rates have also changes and are broken into two segments since gas prices rose in the middle of the year.

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