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IRS releases 2015 inflation adjustments to retirement-related amounts; SSA publishes 2015 wage base
The IRS recently issued a long list of cost of living adjustments (COLAs) for various Tax Code provisions related to retirement savings. These COLAs are for the 2015 tax year and are dependent upon...
IRS finalizes rules on deductible local lodging expenses
The IRS has issued final rules under Code Secs. 162 and 262 for when employees may deduct their expenses for local lodging that are required in their trade or business. The final regulations also p...
IRS announces per diem rates for post-September 30 travel
The IRS has released the simplified per diem rates that taxpayers can use to calculate reimbursements to employees for ordinary and necessary expenses incurred during business-related travel after ...
IRS describes tax benefits of van pooling; highlights "80/50" rule
In a recently-released information letter to a taxpayer, the IRS outlined the rules for excluding the costs of van pooling, which is one type of qualified transportation fringe benefit. Code Sec. 1...
Senators seek action on tax refund fraud relief for victims
Tax refund fraud is a growing problem, 15 senators told the IRS in October. The senators urged the IRS to improve its oversight of refunds and reach out to victims of refund fraud and identity thef...
TX - Out-of-state software vendor had nexus
A Utah corporation’s sales of licensed software and digital content to Texas users primarily through Internet downloads established the requisite substantial nexus with Texas that required th...