NEWSWIRE

Payroll Tax Cut Extended 
Lowered Social Security tax withholding extended through Feb. 29.

2012 Mileage Rates
Most rates remain the same as they were in July.

2012 Inflation Adjustments 
Many tax benefits increase in 2012 due to inflation adjustments.

Securities America Announces Promotions

Broker-dealer Securities America announced its officer promotions for 2012.

TIGTA Recommends Tighter E-Filing Controls

Better controls are needed to ensure tax preparers filing electronically are complying with new preparer regulations, according to a report released Thursday by the Treasury Inspector General for Tax Administration.

IRS Drafts New Asset Repair Guidelines

The IRS has issued new temporary taxpayer guidelines in the Federal Register to help clarify the difference between a a repair and a capital improvement.