UPDATE: Proposed rules from IRS on deducting meal expenses
It’s about time! There’s finally more clarity to help your company correctly deduct certain business expenses on your tax returns.
Accounting
DOL opinion: Reimbursing delivery drivers’ mileage expenses
Here’s new insight for your finance department on how to compliantly reimburse delivery drivers for their mileage expenses.
Form 1099-NEC excluded from IRS’s combined filing program
Though the 1099-NEC was revived to simplify year-end filing, there’s one aspect that will make things more complicated for your finance team.
IRS TIN Matching: How to avoid year-end errors, penalties
As year-end inches closer, there’s one surefire way CFOs can guarantee more accuracy for information returns: IRS’s TIN Matching tool.
Higher penalties for information returns, courtesy of IRS
Remind Finance to stay sharp! IRS recently sent out its latest round of notices with proposed penalties for information return errors.
New concerns for unclaimed property this fall: Here’s help
Despite the hectic times finance departments are in right now, fall unclaimed property deadlines are still coming up fast.
IRS proposes new regs concerning qualified transportation fringe expenses
Heads up! IRS recently published proposed regulations with guidance on the deduction of qualified transportation fringe expenses and commuting expenses.
The stakes are being raised for unclaimed property reporting
To avoid costly interest and penalties, filing unclaimed property accurately and timely is now even more important for companies.
Form 1099-NEC is here: Key details to stay IRS compliant
Heads up, CFOs. IRS has officially unveiled the new Form 1099-NEC, which your finance staff will use to report nonemployee compensation.
