IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
CA - Independent contractor withholding webinar announced The California Franchise Tax Board (FTB) is holding a free webinar
on December 20, 2011, at 10 a.m. PST, for those who must withhold
personal income tax on California source income...
IN - Extension guidance updated The Indiana Department of Revenue has released an updated personal
income tax information bulletin that outlines the procedures for
obtaining an extension of time to file. Specific...
MT - Tax certificate regulation adopted The Montana Department of Revenue has adopted a regulation that
explains various types of tax certificates issued at the request of
different legal entities to a domestic corporati...
NE - Department reminds taxpayers of form due dates, e-filing The Nebraska Department of Revenue is reminding taxpayers that
copies of 2011 state income tax Forms W-2, W-2G, 1099-MISC, and
1099-R and the Nebraska reconciliation Form W-3N are ...
NY - Application for award of administrative costs denied A taxpayer was not entitled to an award of administrative costs
under Tax Law §3030 with regard to a New York sales and use
tax settlement, even though the taxpayer established tha...
OR - No good cause for representative’s failure to appear Regarding a taxpayer’s Oregon personal income tax appeal,
good cause did not exist for the failure by her representative to
either attend a case management conference or expl...
The success of Levin and Levy, LLP is established upon our single-minded purpose of helping clients achieve their business and personal financial objectives; thus, serving them in becoming lucrative. We strive to be a part of our clients' team. Our clients choose Levin and Levy because of our experience and technical expertise as accountants as well as business and financial advisors. However, our clients quickly come to appreciate rather more: a genuine commitment on our part to help them achieve the goals they've set for their company and themselves. We believe that makes sound business sense.
-Stuart Levin and Edward Levy
Our CPA firm is located in Northbrook Illinois (a northern suburb of Chicago).
We offer many services that can help your Chicagoland business including:
Computer consulting
Payroll services
Bookkeeping (manual and computerized)
We are an authorized Peachtree® and Quickbooks® dealer
We are authorized Peachtree® and Quickbooks® instructors
