Watson & Ryan, PLC

08/26/2022

The Habitat for Humanity of Council Bluffs golf outing is just one week away! We can’t wait to see everyone on September 3rd at Dodge Riverside Golf Club.

Thank you to our event sponsors for making this event possible - American National Bank, ABC Supply Co. Inc., John Dresher - American Family Insurance, Campbell Insurance Agency, Inc., Doll Distributing - Council Bluffs, Echo Electric Supply, Pitzl Contracting, LLC, Thrivent, TS Bank and Watson & Ryan, PLC.

02/01/2022

Today, Jan. 31st, is the employer filing deadline for wage statements. Filing on time means can more easily detect refund fraud by verifying income individuals report on tax returns. See: https://go.usa.gov/xtKZV

01/12/2022

Advanced child tax credit payment confirmation letters are starting to arrive in mailboxes. Note that each taxpayer is getting a notice, so if you are married, there will be TWO envelopes coming in the mail. SAVE THIS DOCUMENT and give it to your tax pro!

01/06/2022

IR-2021-251, December 17, 2021

WASHINGTON — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on January 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021,
18 cents per mile driven for medical, or moving purposes for qualified active-duty members of the Armed Forces, up 2 cents from the rate for 2021 and
14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2021.
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.

12/02/2021

The IRS will issue Letter 6419 to each person who received the Advanced Child Tax Credit with the amount to be reconciled on their 2021 tax return. Make sure you keep it.

11/02/2017