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IRS Provides Guidance on Temporary 100% Expense Deduction for Meals

by DunlapSLK | May 7, 2021 | Resources For Employers, Uncategorized

The IRS has released guidance explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). The Consolidated Appropriations...

President Biden details his tax proposals for individuals in the “American Families Plan”

by DunlapSLK | May 7, 2021 | Resources For Individual Taxpayers

President Biden’s proposals for individual taxpayers were outlined in an April 28 address to Congress and in an 18-page fact sheet released by the White House. The “American Families Plan” contains tax breaks for low- and middle-income taxpayers and tax increases on...

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