Are you buying a new car or renewing your registration for an old one? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
Are you buying a new car or renewing your registration for an old one? If you pay an extra fee for a license plate promoting a charitable cause, you may be entitled to a charitable tax deduction. In a new information letter, the IRS allowed a tax payer to deduct the difference between the higher cost of a plate supporting natural habitats and the lower regular fee. (IRS INFO 2008-0004)
The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. And the IRS is in the middle of a wide-ranging audit crackdown on employment-tax issues. Would your books survive an IRS spot-check?...Click here to find out more.