The Internal Revenue Service recently issued Revenue Procedure 2019-46, which provides guidance for taxpayers with deductible expenses of operating a motor vehicle for business, charitable, medical, and moving expenses. This clarification was made necessary by...
Month: February 2020
IRS UPDATES PER DIEM GUIDANCE FOR BUSINESS TRAVELERS
The Internal Revenue Service (IRS) recently issued Revenue Procedure 2019-48 (Rev. Proc. 2019-48), which provides guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act of 2017 (TCJA). A section of the Tax Cuts and...