Tax ruling makes ship the home for some officers
Washington reports a new IRS ruling that allows naval officers on permanent duty afloat to treat the home port of their ship as their home for tax purposes. The change bars deductions for travel expenses away from home in pursuit of trade or business. The ruling covers ships with regular living and eating accommodations, including aircraft carriers, cruisers, destroyers, submarines, and supply ships, aligning with a recent Supreme Court decision.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue Service
IRS
Sles
Supreme Court
Birth Control Costs Often Are Deductible
Beverly Hills report notes birth control expenses may be deductible if a physician deems childbirth risks the mother’s life. A California CPA Society conference covered tax rulings including contraceptives, dependents, and corporate payment methods. The session also reviewed tax status of prizes won by athletes and custody deductions.
MENTIONED IN THIS ARTICLE
Beverly Hills
California Cpa Society
Maury Is
Paul Harnung
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