Guidance Issued on Employee Expense Reimbursement Arrangements
The IRS issued guidance on situations in which employers recharacterize wages as nontaxable reimbursements and whether they met the requirements to be treated as paid under an accountable plan.
Published on September 11, 2012
Final Regs. Clarify Who Is Subject to 50% Limit on Meal and Entertainment Expenses
The IRS issued final regulations clarifying which party is subject to the 50% limit on deductible meal and entertainment expenses under Sec. 274(n
Published on July 31, 2013
Proposed Regs. Would Clarify Who Is Subject to Sec. 274(n) Limit on Meal Expenses
The IRS released proposed regulations clarifying which party is subject to the rule that limits the deduction for meals to 50% of the expenses incurred
Published on August 07, 2012
IRS Will Allow Costs of Breast Pumps as Deductible Medical Expenses
The IRS announced it will treat expenses for breast pumps and supplies that assist in lactation as deductible medical expenses
Published on February 16, 2011
08-09-2013 Tax Ealert
In this issue more on E-Services, FBAR E-filing & Staff Training and more...
Published on December 27, 2013
IRS Updates Special Per Diem Rates for 20132014 Travel Expenses
The IRS issued its annual update of special per diem rates for use in substantiating certain business expenses taxpayers incur when traveling away from home in 2013 and 2014
Published on September 27, 2013
Tax Court Allows Deduction for Payment to Long-Term Caregivers
The Tax Court held that payments made to an elderly woman’s caregivers for personal care that she required due to her diminished capacity qualified as long-term care services and were therefore deductible.
Published on July 06, 2011
Self-Employed Can Deduct Medicare Premiums, IRS Chief Counsel Advises
The Office of Chief Counsel advised that self-employed individuals may deduct Medicare premiums from their self-employment income.
Published on July 17, 2012
Notice Answers Many Post-Windsor Questions on Cafeteria Plans, FSAs
The IRS continues to consider the effects of the Supreme Court’s Windsor decision on federal tax law, and its most recent guidance deals with elections and reimbursements for cafeteria plans, HSAs, and health, adoption, and dependent care FSAs.
Published on December 18, 2013
June 24, 2011 Tax E-Alert Latest FBAR Developments
This newsletter contains information regarding: FBAR Developments, Suspension of Information Reporting Requirements, Form 8955-SSA, Increase in Mileage Rates, Additional Locations Added to Aid Taxpayers in Affected Disaster Areas.
Published on February 28, 2012