Business meal and entertainment deductions guidance
Kansas CPAs outline two tests for deducting 50 percent of meal and entertainment costs. An ordinary and necessary expense must be common in business and helpful to conduct business. Direct relation or association tests determine deductibility, with examples clarifying when entertainment qualifies. Receipts and documentation are required, with IRS rules and CPA advice urged.
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Kansas Society of Cpas
Internal Revenue Service
IRS
CPA
IRS Tax Resources and Online Help Highlights
The IRS website offers tax forms publications FAQs Newsroom and refund status. Access Spanish resources e filing withholding calculator and contact options. Online EIN applications and industry specific guidance for over twenty sectors support individuals and small businesses.
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Kansas Society of Cpas
Irs.gov
Internal Revenue Service
IRS
How to figure mileage as a deductible expense
IRS rules define business use as miles driven between business locations. Commuting from home to a regular workplace is not deductible, and self employed workers with a home office can deduct travel to other work sites. Use either standard mileage rate or actual expenses method to compute deductible costs.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Two Ways to Deduct Auto Expenses for Taxes in 2004
The IRS allows business mileage either by the standard rate of 37.5 cents per mile or by actual expenses. You can switch between methods in certain year one scenarios, but not always. Keep a detailed log of dates, miles, destinations, and business purposes.
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IRS
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Adobe Acrobat
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Taxpayer Advocate
Agency
Plex
Weyl Ea Mies
Princeton Road
Ottawa
Kansas
H&r
Princeton
Kansas Society of Certified Public Accountants
ECEAN
Main
Rhonda Thomas
JO Wolken
A.T.A
TAX Time Tax Service, Inc
S. Main St
S. Oak
Garnett, KS
Direcway
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