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.





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Contributing EXPERT: Shari Herrle



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