Newsletters
2018 Conferences
Posted January 2018
Shareholders and staff at Stanfield + O’Dell attend and present at various conferences and summits around the U.S. We invite you to join us at these events.
Looking ahead: Tax reform in 2018
Posted January 2018
Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.
Mileage Rates for 2018
Posted January 2018
The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent, to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile.
The best way to avoid an audit: Preparation
Posted January 2018
Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common mistakes.
Get ready to save more in 2018
Posted January 2018
You can save more for retirement next year using tax-advantaged accounts, thanks to a boost in the maximum 401(k) contribution rate by the IRS. The maximum rate increases by $500 to $18,500, which is the first increase in three years. Those aged 50 or older can still contribute an additional $6,000 on top of that amount.