Expense accounts out of town playtime at taxpayers expense
A 1963 IRS regulation tightens deductibility of business travel and entertainment. Taxpayers must keep diaries or account books detailing out of town meals lodging and incidentals and retain receipts for $25 or more. The rule aims to curb vacation-style trips and reduce freeloading.
MENTIONED IN THIS ARTICLE
Internal’, Revenue Service
Deane
Southern Sun
Sdng
IRS
Tax rules tighten substantiation for business travel deductions
New IRS rules require precise records for expenses, with separate itemized amounts and dates. Travel must show business purpose and destination, and personal days require pro rata transportation. lavish expenditures may be disallowed.
MENTIONED IN THIS ARTICLE
Congress
Miami
Latin Leaders Plan Meeting in Central America
Managua AP reported that presidents of Central American nations will meet in El Salvador next month to discuss their March talks with President Kennedy. Kennedy will meet them in San Jose Costa Rica.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
el Salvador
Kennedy
San Jose
Costa Rica
How's Your 1 Q
A quiz style page lists ten questions on geography history and language with a scoring scale based on daily correct answers from 9 to 10 down to 4 or less and asks to turn to page 2 for the correct answers.
MENTIONED IN THIS ARTICLE
Isle of
Rio Grande
U.S
U. S
Vermont
Wolverine State
Troy
Airport manager seeks curb on horse traffic at Vero Beach
VERO BEACH, Fla. AP Airport manager Floyd Boyer said traffic is too heavy at the Vero Beach Airport as horsemen use the runways for riding. He noted the area lacks a fence and plans to stop the horseplay but did not specify a method.
MENTIONED IN THIS ARTICLE
Vero Beach
Fla
Floyd Boyer
Boyer
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