In late 2014, the IRS issued its updates of special per diem rates for certain business travel expenses incurred by taxpayers in IRS Notice 2014-57.
The IRS Notice includes rate for the following:
- Meal and incidental expenses,
- Incidental-expenses-only deduction, and
- List of high-cost localities for the high-low substantiation method.
For more information, please visit the referenced article or contact Thomas Vereecke at (616) 608-8510 or tvereecke@brickleydelong.