Transcription of Part III Administrative, Procedural, and …
{{id}} {{{paragraph}}}
Example: bankruptcy
Part III Administrative, Procedural, and …
Part III Administrative, Procedural, and Miscellaneous 26 CFR : Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also: Part I, 62, 162, 267, 274; , , (a)-1, ) Rev. Proc. 2011-47 SECTION 1. PURPOSE This revenue procedure updates Rev. Proc. 2010-39, 2010-42 459, and provides rules for using a per diem rate to substantiate, under 274(d) of the Internal Revenue Code and ' of the Income Tax Regulations, the amount of ordinary and necessary business expenses paid or incurred while traveling away from home. Taxpayers are not required to use a method described in this revenue procedure. A taxpayer may substantiate actual allowable expenses if the taxpayer maintains adequate records or other sufficient evidence.
2 party) reimburses. Employees and self-employed individuals that deduct unreimbursed expenses for travel away from home may use a per diem rate for meals and incidental
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: