News



IRS Issues Guidance on Business Meal Deductions
 

IRS Issues Guidance on Business Meal Deductions

Posted: October 3, 2018
Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.

IRS Issues 2018-19 Per-Diem Rates
 

IRS Issues 2018-19 Per-Diem Rates

Posted: September 27, 2018
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.



New Jersey Enacts Surcharge on Ride-Sharing Services
 

New Jersey Enacts Surcharge on Ride-Sharing Services

Posted: August 27, 2018
The New Jersey Division of Taxation has issued guidelines for the new prearranged ride surcharge that was approved in the fiscal 2019 New Jersey budget. The surcharge goes into effect on Oct. 1.

Proposed Regs Issued on Charitable Contributions and SALT Credits
 

Proposed Regs Issued on Charitable Contributions and SALT Credits

Posted: August 23, 2018
Today the U.S. Department of the Treasury and the IRS issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.