News

The IRS has issued the 2026 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The standard rate for this year has increased by 3 cents per mile from 70 cents to 72.5 cents.

Warmest Wishes for a Joyous Holiday Season!

The President's Issue - Mendy Aluise

The IRS recently updated the mailing addresses where certain tax forms for certain states should be filed. Some mailing addresses for the following forms were updated: • 1040 • 1040-SR • 1040-ES • 4868 • 940 • 941 • 943 • 944 • 945 Most pages on IRS.gov now seem to reflect the correct addresses, but the latest revision of Publication 3891 has not yet been posted to IRS.gov. I have attached the latest revision of the publication. As always, we encourage you to electronically file and pay taxes whenever possible, but if you need to mail a return you can refer to the attachment for the correct mailing address.

Have a beary good summer!

Spring is just around the corner!

FinCEN Extends Beneficial Ownership Information Reporting Deadline by 30 Days; Announces Intention to Revise Reporting Rule.

Happy Holidays from the WV Society of CPAs.

The West Virginia CPA - September 2024 - The President's Edition

The West Virginia CPA Newsletter - June 2024 Edition

Help transform the profession’s future by promoting national and student pipeline surveys.

The West Virginia CPA Newsletter - March 2024 Edition

The Elective Pass Through Entity Tax Form (EPT-100) is now available to file for Tax Year 2023. Again for this tax year, the EPT-100 must be filed online through the Division's MyTaxes web portal which can be found at: mytaxes.wvtax.gov. We anticipate future years will be available through practitioner software (if those companies so elect). The filing deadline is March 15th and may be extended to September 15th by filing a PTE-100EXT. Taxpayers should be reminded, an extension to file is not an extension to pay the tax due. Taxpayers and preparers are also reminded that there is no longer a need to file the election form - the filing of an EPT-100 or PTE-100 return will indicate your election for Tax Year 2023. Once filed, the election cannot be revoked for that tax year. For more information on the Elective Pass Through Entity Tax, please visit our website at tax.wv.gov. If you have a question that is not answered on our webpage, please log in to MyTaxes and ask the question via your EPT account, or contact Taxpayer Services toll-free at 1 (800) 982-8297 or (304) 558-3333 or via email at TaxHelp@WV.Gov.

For those of you who will be filing the WV Elective Pass-Through Entity Tax Return (EPT-100) or have clients that will be filing the EPT-100 this year, the West Virginia Tax Division has advised us that the form EPT-100 will be available for filing on the WV MyTaxes website within the next 24 hours.

The West Virginia CPA Newsletter - December 2023 Edition

The West Virginia CPA Newsletter - June 2023 Edition features: A&A Update / OAS & AEF Winners / Recruiting & Career Opportunities

The West Virginia CPA Newsletter - September 2023 Edition

The West Virginia CPA Newsletter - March 2023 Edition features: A&A Update / Committee Day News / Winning with Charitable Giving

The December issue of The West Virginia CPA is available!

Each year, a number of individuals are recognized for their outstanding work in numerous areas and are presented awards at Committee Day and the Annual Meeting.