Post Profile

IRS Posts New Per Diem Rates For Taxpayers Who Travel For Business

New per-diem numbers are out, effective October 1, 2016. These numbers are to be used for per-diem allowances paid to any employee on or after October 1, 2016, for travel away from home on or after that date. The new rates include those for the transportation industry; the rate for the incidental expenses only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.
read more


Related Posts

What is the 2012 IRS Standard Mileage Tax Deduction Rate?

Business & Finance / Taxes : BackTaxesHelp

The 2012 IRS mileage rates vary depending on whether you are claiming mileage for business travel, moving expenses, charitable work or medical-related traveling. Each category of travel has its own mileage rate used to calculate the...

Relying on Incorrect IRS Advice Spares Taxpayer Penalty

Business & Finance / Taxes : MauledAgain

A recent case, Co v. Comr., T.C. Memo 2016-19, demonstrates the challenges for taxpayers who rely on advice from, and decisions by, IRS employees. From no later than 2007 through at least 2011, the taxpayer was paid by the Departmen...

IRS Employee Took Home Confidential Data on 20,000 Employees

Business & Finance / Taxes : TaxProf Blog

IRS Statement on Data Security Employee Issue: The IRS informed employees today of a data security issue that has recently been discovered. The information at issue, which we presently believe dates back to 2007 or earlier, included...

IRS Uses Google Maps to Spy on Taxpayers

Business & Finance / Taxes : TaxProf Blog

Daily Caller: IRS Using Google Maps to Spy on Taxpayers: Agents from the IRS are using Google Maps as part of their tool kit to audit taxpayers and organizations, The Daily Caller has learned. A redacted IRS letter dated Sept. 8, 20...

Home Office Deduction--made easier by administrative fiat

Business & Finance / Taxes : ATaxingMatter

The IRS announced today that it would permit many taxpayers who run their businesses out of their homes to use a much-simplified method for determining the allowable deduction. Taxpayers that elect this method merely take $5 per squ...


Copyright © 2016 Regator, LLC