 FREQUENTLY ASKED QUESTIONS:
- What is the business standard mileage rate for 2009?
For 2009 it was 55 cents per mile for all business mileage for the entire year (24 cents for Medical and Moving and 14 cents for Charitable).
- How much can I contribute to my IRA for 2009?
The maximum IRA contribution for 2009 is now $5,000. And if you are 50 years old or over you are allowed a "catch-up" contribution of an additional $1,000.
CALL US TODAY ABOUT SETTING UP A TRADITIONAL OR ROTH IRA.
- Is there a deduction for contributing to a College Savings Plan?
The maximum deduction for contributing to the Oregon 529 College Savings Plan for 2009 is $2,000. However, it's only deductible on your Oregon return. There is no deduction available for your federal return.
CALL US TODAY ABOUT SETTING UP A 529 COLLEGE SAVINGS PLAN.
If you have any other questions, please send them to: paul@sherwoodcpas.com
SOME OF OUR CLIENTS' WEBSITES:
ABC Doula Service
A.J.'s Computer Bug
Bartel Contracting
Clouds and Company
Eastside Wellness Center
George Schmid & Sons, Inc.
Heart of Sherwood
Iron Mutt Coffee
Ken Flynn Painting
Losli Fence & Deck
Nutshell High Fidelity
Open Metrics
Pathfinders Mortgage
Personakey
Pilot Baseball School
Sherwood Area Chamber of Commerce
Sherwood Dance Academy
Sherwood Education Foundation
Sherwood High School Boosters
Sherwood Lacrosse Club
Tualatin High School Boosters
Vista Balloon Adventures
OTHER LINKS:
 Internal Revenue Service
Oregon Department of Revenue
Sherwood Gazette
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