IRS raises per diem standard rates for business travel
The special per diem rates by which taxpayers may substantiate ordinary and necessary business expenses of travel away from home...
About Victoria Bogdanovich
This author hasn't written their bio yet.
Victoria Bogdanovich has contributed 174 entries to our website, so far.
Deferred compensation deduction and the sale of a business
Oct 7, 2022
It is sometimes said “The exception makes the rule.” In the case of the Internal Revenue Code, then, perhaps the...
Permanent component of a temporary difference: ASC Topic 740 analysis
Oct 4, 2022
In its November 2021 20-year review of financial restatements, Audit Analytics reports that accounting for income taxes has been among the top...
Guaranteed payments vs. distributive share of income
Sep 30, 2022
Historically, the income tax treatment of a distributive share of partnership ordinary income did not differ significantly from that of...
Cryptoasset clarity needed for private fund managers
Sep 27, 2022
Current IRS guidance lacks direction for investing through a private fund The IRS’s guidance on cryptoasset income tax reporting standards...
Recent Posts
- IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs April 20, 2026
- IRS Dirty Dozen Adds New Capital Gains Scheme for 2026 April 16, 2026
- New Schedule 1-A for Tips, OT, Car Loans, and Senior Deductions Published March 12, 2026
- IRS Issues Higher 2026 Depreciation Limits for Passenger Automobiles March 9, 2026
- Practical Tax Advice for Businesses as a Result of the OBBBA – 7 February 16, 2026