The IRS permits the use of per diem rates (which means "for each day" or "daily rate" in Latin) to facilitate reimbursement for employers and employees. Per-diem...
Posted by Taxes Made EZ Inc on 12/15/2020
When it comes to tax treatment, there is a difference between unreimbursed business expenses for partners and S corporation shareholders. Also known as ordinary and necessary expenses,...
Posted by Elliot Kravitz, ATP on 04/17/2019
While assessing your tax or working with a tax preparer or accountant, there is this sense of limiting your tax obligation by ensuring you claim the most significant measure of deductions...
Posted by YourIRSTaxAdvocate.com on 02/27/2019
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
Posted by rinehimerbaker on 07/24/2018
Charitable Contributions RulesWhen it comes to Charitable Donations it is important to remember that these donations have to be made to qualified organizations. In addition, donations...
Posted by Masterpiece Accounting Services LLC on 03/28/2018
