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Guidance Explains Temporary Increase in Food and Beverage Deduction

Bob Williams - April 09, 2021
Guidance Explains Temporary Increase in Food and Beverage Deduction

The IRS has unveiled guidance that temporarily throws open the gates to recouping 100 percent of the expense for certain food and beverage purchases. The new rules for this business deduction went into effect on Jan.1 of this year.…

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IRS Issues Publication on Business Expenses

admin taxing_subjects - March 27, 2014
IRS Issues Publication on Business Expenses

IRS Issues Publication on Business Expenses Millions of individual tax filers have business income either as sole proprietors or as sub-contractors. Many individual filers also have unreimbursed…

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