IRS update to travel per diems

2020 Business Per Diem Announced

October 9th, 2019|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Tax, Tax Deductions, Tax Planning|Tags: CPA Dallas, IRS update to travel per diems, The Burns Firm, travel expense that is deductible|

Record-keeping for reimbursing business travel expenses can be cumbersome. Instead of reimbursing employees for the actual costs they incur for out-of-town lodging, meals and incidentals, some employers opt to pay fixed travel per [...]

Employers: IRS Updates Business Travel Per Diems

December 17th, 2018|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, TCJA|Tags: CPA, deductions, expenses, IRS update to travel per diems, tax, tax return preparation, TCJA, The Burns Firm CPA's, travel per diems|

Under current tax law, employees aren't allowed to claim miscellaneous itemized deductions — including unreimbursed business expenses — on their personal tax returns for 2018 through 2025. So, it may [...]