Corporations Reduce IRS

Corporations Reduce the IRS Audit of Home-Office Deductions. How? Are you overly suspicious that your home-office deduction will invite an IRS audit? Well. Countless taxpayers are not able to take advantage of a significant deduction that they’re entitled to...

Calculating a deduction for the business miles you drive.

Does the IRS Require the Odometer Readings with the Mileage Rate? You can use the following: The actual vehicle expense method The IRS standard mileage method Our fact-filled article can help you in three ways: 1. You are going to learn why the IRS can require...

Why You Need an Accountable Plan to Reimburse Expense?

What is an accountable plan? An accountable plan is an expense allowance or reimbursement arrangement that requires employees to prove expenses and return unproved advances. With the plan, the reimbursements are tax-free to recipient employees. And the company can...