IRS expenses

• IRS Proposes New Regulations Allowing Travel Expenses For 'At-Home' Lodging

The IRS has promulgated proposed regulations that would permit travel expenses incurred while not away from home to nonetheless be tax exempt to emplo...

• Mondaq Business Briefing
• United States Law Articles in English

• Irs On the Lookout for Excessive Entertainment Expenses

Taking a client out for lunch is one of the most basic business activities there is. And it's one that can run a small business owner afoul of the IRS. There has been a tug of war for years between the government and businesses over entertainment expenses. The agency is on the lookout for companies that take excessive deductions, or that try to bundle together personal and business expenses.

• Tribune - Review / Pittsburgh Tribune - Review
• February 16, 2010

• Open Season for Membership to the Electronic Tax Administration Advisory Committee (ETAAC)

The Electronic Tax Administration Advisory Committee (ETAAC) was established to provide continued input into the development and implementation of the Internal Revenue Service (IRS) strategy for electronic tax administration. The ETAAC provides an organized public forum for discussion of electronic tax administration issues in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC members convey the public's perception of IRS electronic tax administration activities, offer constructive observations about current or proposed policies, programs, and procedures, and suggest improvements. Members of the ETAAC may not be federally registered lobbyists. This document seeks applicants for selection as...

...All travel expenses within government guidelines will be reimbursed. P...

• Federal Register Nbr. 77 FR 20489, April 04, 2012
• Notices
• Treasury Department

• Travel, Meal, &Amp; Entertainment Expense Deductions in U.S. Tax Court Cases

Travel and entertainment expenses for business have always been deductible. These expenses are considered an integral part of businesses maintaining client relationships and developing new potential clients. This article will discuss selected US Tax Court cases involving travel, meal and entertainment expenses. Cases will be cited from court decisions and the actual IRS code. Throughout the research of applicable cases it became apparent that when travel, meal and entertainment expenses were disallowed by the courts, it almost always involved a lack of proper substantiation on the part of the taxpayer, whether corporate or individual, under IRS Code, Section 274(d). The substantiation requirements of Section 274(d) are strict and objective in nature. Individual taxpayers and corporation...

• Southern Business Review
• Vol. 33 Nbr. 2, July 2008

• IRS acknowledges partner expenses.

The IRS has decided that expenses incurred by a partner in the interest of the partnership can be deducted against partnership income in order to determine adjusted gross income. Expenses incurred by a partner that are not reimbursed by the partnership may be deducted from the partner's personal income tax. The affects of this Letter Ruling on a partnerships self-employment tax and itemized reductions are discussed.

• The Tax Adviser
• Vol. 24 Nbr. 8, August 1993

• Takeover expenses: National Starch and the IRS add new wrinkles.

Includes chronology of IRS cases The IRS and numerous court cases have failed to establish clear guidelines for the deductibility of expenses incurred during a hostile or friendly takeover because the cases often reverse earlier rulings. Under IRC section 162, necessary and ordinary business expenses are deductible, but what is included in those expenses is not defined. However, INDOPCO, Inc v Commissioner, among other cases, established the long-term benefit criteria, making expenses incurred during an unsuccessful takeover deductible, but if the takeover is successful, those expenses accrue future benefit so are not deductible.

• Journal of Accountancy
• Vol. 174 Nbr. 2, August 1992

• IRS updates rules for substantiating travel expenses.

On September 27, 2007, the Service issued Rev. Proc. 2007-63, which updates the rules for substantiating an employee's travel expenses using reimburse...

• The Tax Adviser
• Vol. 39 Nbr. 1, January 2008

• Commentary: Keeping Your Balance: Camp Expenses Includable in Care Credit

In a 2010 summertime tax tip, the IRS indicated that certain day camp expenses may qualify for the child and dependent care tax credit (Code Sec. 21). An important reminder in the notice is the fact that the expenses may not include expenses for overnight camps.

• Daily Record (Rochester, NY)
• August 05, 2010

• Calculating 'in-house' lobbying expenses under IRS safe harbors.

The regulations for the IRC section 162(e) disallowance of the lobbying expense deduction have failed to clarify treatment of in-house lobbying activities but have provided two safe harbors. While direct contact lobbying is clearly not deductible, the treatment of research, office and travel expenses remains unclear. The safe harbors define how to calculate nondeductible expenses based on the percentage of time that employees devote to lobbying activity. Additional regulations have identified activities not considered lobbying and how trade associations should allocate expenses.

• The Tax Adviser
• Vol. 25 Nbr. 7, July 1994

• ; Say She Might Have Cost U.S. $11 Million

Staff Writer A tax preparer who worked out of a Lancaster city pawn shop fabricated bogus expenses and deductions on dozens of customers' returns so she could inflate their IRS refunds, according to federal authorities.

• Intelligencer Journal Lancaster New Era - Saturday Edition
• May 06, 2011