Current Federal Tax Developments

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2018-10-08 Business Meals Deduction is Alive and Well

This week we look at the following items:

  • IRS issues SIFL rates for second half of 2018

  • Information letter discusses more issues with the SALT workaround regulations

  • Business meals will remain 50% deductible despite TCJA law changes

  • ECPRS program updated by the IRS Market discount not subject to TCJA revenue conformity rule

  • §457 plan not required to offer hurricane relief distributions

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2018-10-08 Business Meals Deduction is Alive and Well Ed Zollars, CPA (Kaplan Professional Education)

A PDF with the articles on this week’s updates can be downloaded below:

2018-10-08 Current Federal Tax Developments