Rasul Consulting, LLC

09/24/2026

IN-2026-01, Sept. 2, 2026 — The IRS announced today tax relief for individuals and businesses in Indiana affected by severe storms, straight-line winds, tornadoes, and flooding that began on Aug. 11, 2026. These taxpayers now have until Feb. 1, 2027, to file various federal individual and business...

09/24/2026

https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-severe-storms-straight-line-winds-tornadoes-and-flooding-in-indiana-various-deadlines-postponed-to-feb-1-2027?fbclid=IwdGRjcAUiiBxjbGNrBSKIFGV4dG4DYWVtAjExAHBkb2YFc3J0YwZhcHBfaWQMMzUwNjg1NTMxNzI4AAEeg5N0B57bDp8AjoPRtx8Ct9mYfJ_dv1mK_gP3cNv83zK47X9Uo8-SLwy5UIQ_aem_Xih_rrx5jFHNT640I6h7OA

IN-2026-01, Sept. 2, 2026 — The IRS announced today tax relief for individuals and businesses in Indiana affected by severe storms, straight-line winds, tornadoes, and flooding that began on Aug. 11, 2026. These taxpayers now have until Feb. 1, 2027, to file various federal individual and business...

07/16/2026

🚗 IRS Changed the Mileage Rate Mid-Year — Don't Miss This!

The IRS made a rare mid-year change to the standard mileage rates for 2026. That means there isn't one mileage rate this year—there are two.

Business Mileage

✅ January 1 – June 30: 72.5¢ per mile
✅ July 1 – December 31: 76¢ per mile

Medical & Moving Mileage

✅ January 1 – June 30: 20.5¢ per mile
✅ July 1 – December 31: 23.5¢ per mile

Charitable Mileage

✅ Remains 14¢ per mile all year.

Why this matters

When it's time to prepare your tax return, I can't simply multiply your total annual business miles by one rate. Your mileage must be split between the first and second halves of the year so the correct IRS rates can be applied.

Take 2 minutes today

If you use your vehicle for business and didn't record your odometer on June 30, go out to your vehicle today and write down the current odometer reading for each business vehicle.

While it won't replace a June 30 reading, it creates an important reference point that can help accurately reconstruct your mileage records for the remainder of the year.

📌 Good mileage records can save you hundreds—or even thousands—of dollars at tax time. Don't wait until year-end to get organized!

07/04/2026

🇺🇸 Happy 4th of July! 🇺🇸

Today, we celebrate the spirit of freedom, opportunity, and the values that continue to inspire generations across America. As families and communities come together, we honor the courage, vision, and resilience that shaped our nation.

From all of us at Rasul Consulting, we wish you and your loved ones a safe, joyful, and memorable Independence Day.

✨ Here’s to freedom, progress, and a brighter future for all.

Rasul Consulting
🌐 www.rasulcllc.com
📞 (516) 800-5000

03/28/2026

03/25/2026