Renting out a Vacation Home

Tax rules on rental income from second homes can be complicated, particularly if you rent the home out for several months of the year, but also use the home yourself. There is however, one provision that is not complicated. Homeowners who rent out their property for...

2013 Mileage Rates

The standard mileage rates for calculating deductible costs for using a car, van, pickup or lightweight “panel” truck is 56.5 cents per mile for business travel. For other potentially deductible driving-related expenses, the rates are 24 cents per mile for...

When does tax season start?

We here at chaoticcancellation are busy getting your end of year financials in order, reconciling December statements and generally getting caught from the end of the year 2012.  We hope that by mid-February, we will be able to start tax preparation and getting your...

Tax Changes for 2013: A Checklist

Welcome 2013! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2013 is no different. From health savings accounts to retirement contributions here’s a checklist of tax changes to help you plan the...