Governor Kay Ivey has recently announced the establishment the Revive Plus grant program to allocate $200 million in Coronavirus Relief Funds to support citizens, businesses, non-profit, and faith-based organizations in Alabama impacted by COVID-19. This is in addition to the previous Revive Alabama program. If you have previously received funding through the Revive Alabama [...]
Dear JMF Clients and Friends: As we mentioned in our communication on March 14th, we are in unprecedented times. We wanted to share another update of what JMF is continuing to do to serve our clients while maintaining a safe work environment. This remains a fluid situation and we will continue to communicate with you. [...]
The IRS has announced that the 2013 Standard Mileage Rates will be: 56.5 cents per mile for business miles driven 24 cents per mile driven for medical or moving purposes 14 cents per mile driven in service of charitable organizations This is an increase of 1 cent per mile over the 2012 business and medical/moving [...]
Many taxpayers have recently received e-mail messages claiming to be from the IRS. In many instances these e-mails are referencing tax refunds or other entitlements urging the recipient to provide information, click on a link in the message, or to open an attachment. If you receive a similar message, DO NOT OPEN IT. Do not reply to [...]
Have we reached the point where this bitter cliche has become true? It sure seems like it in this instance. In a recent tax court case, IRS argued that a taxpayer's charitable contribution to their church was not allowable. In this case (TC MEMO 2012-140), the church provided the taxpayer with an annual giving statement before the due [...]
In the spirit of wrapping up 2011, we decided to give you our ten most viewed blog posts of 2011. That means you loved them! 10. Bonus Payments are wages from November 30 9. Alabama’s 529 fund could lower your tax bill from December 20 8. New Home Builder Ad Valorem Tax Reduction Opportunity from [...]
JamisonMoneyFarmer continues to take a leadership role in the business and CPA world in the state of Alabama. After we shared Carl Jamison's work with the Alabama Business Council last week, we are pleased to announce that another JMF shareholder, Leighanne Faught, has been appointed by Governor Robert Bentley, upon confirmation of the Senate, to serve on [...]