June 22, 2020

Proposed regs. explain disallowed transportation fringe benefits


The IRS issued proposed regulations implementing changes to Sec. 274 that disallow a deduction for the expense of any Sec. 132(f) qualified transportation fringe provided to an employee, effective for amounts paid or incurred after Dec. 31, 2017.
Source: The Tax Adviser

Tagged:
[mapsmarker marker="1"]

YEAR ROUND ACCOUNTING SERVICES

Big or small, we’ve got a solution when you need it. Our tailored accounting services and outstanding team provide step-by-step support and outstanding customer satisfaction.