The IRS Proclaims New Daily Rates for Travel Effective October 1, 2013

Posted December 11, 2013 Company News

The IRS recently declared that daily allowance rates for expenses may be used to establish the total business expenses used for travel on or after October 1, 2013. Essentially, this allows employees to have additional latitude when reporting certain travel expenditures, yet still enables employers to request proof of what expenses were incurred. The IRS does not intend to release employees and employers from all of their reporting obligations for travel.

 

References:

http://www.irs.gov/pub/irs-drop/n-13-65.pdf

 

 

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Additionally, the messages and content within the Pittsburgh Health Care Reform group do not reflect the advisory services of Henderson Brothers, Inc.


 

Contributing EXPERT: Shari Herrle

 

 

To download the PDF version of this EXPERT UPDATE, please click on the link below: