Expense: Latest News, Top Stories & Analysis

WASHINGTON, D.C. — The Internal Revenue Service issued final regulations on the business expense deduction for meals and entertainment following changes made by the Tax Cuts and Jobs Act (TCJA).

National / Small Business

IRS Reminds Taxpayers of the Home Office Deduction Rules

September 26, 2020September 26, 2020 - by MyChesCo

WASHINGTON, D.C. — During the recent Small Business Week, the Internal Revenue Service reminded individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers …

Finance / Government / National

IRS Issues Final Regulations and Other Guidance on Business Interest Expense Deduction Limitation

July 30, 2020July 29, 2020 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service issued final regulations regarding the provision of the Tax Cuts and Jobs Act that limits the deduction for business interest expense, including basic statutory …

Finance / National

IRS Updates Per Diem Guidance for Business Travelers and Their Employers

December 2, 2019December 2, 2019 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service recently issued guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act (TCJA).

Finance / National

IRS Updates Guidance for Deductible Business, Charitable, Medical and Moving Expenses

November 19, 2019November 18, 2019 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service issued guidance for taxpayers with certain deductible expenses to reflect changes resulting from the Tax Cuts and Jobs Act (TCJA).