Welcome to 2014 and the roll-out of the Affordable Care Act, aka Obamacare. We have new taxes, several new forms, higher tax rates, higher thresholds before we can take deductions, and loss of several tax extenders. We also have the new Same Sex Marriage laws that apply to Federal taxes but not to many state tax returns.
Substantiation Requirements for Travel, Meals, and Entertainment
In order for an expense to be deductible, including meals and lodging, a taxpayer must travel "away from home" in the pursuit of business on a temporary basis. The statutory phrase "away form home" has been interpreted by the US Supreme Court to require a taxpayer to travel overnight, or long enough to require substantial sleep or rest. The rest period cannot be merely nap in a rest area, it generally is necessary to secure lodging. Rev Rul 75-170
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