Tag: IRS
IRS Releases Guidance On Per Diem Expense Reimbursements
Taxes: IRS Raises Mileage Reimbursement Rates for 2007
The IRS has increased the standard mileage rate commonly used to reimburse employees for business use of a car to 48.5 cents per mile, up from 44.5 cents in 2006. The new rate will apply to miles driven beginning January 1, 2007. Employers who use the IRS standard mileage rate to reimburse employees may deduct […]
New Tip-Reporting Program Available
What Do You Have to Do with an IRS Lock-In Letter?
Employer Cash Incentives For Hybrids Are Taxable Compensation
Independent Contractors: IRS Issues Reminder to Classify Workers Correctly
Tax Treatment Of Donated Leave
Leave: IRS Issues Guidance on Tax Treatment of Donated Leave
According to a new IRS notice, leave donated by an employee to a qualified employer-sponsored leave bank following a major disaster is not considered income to the donating employee, as long as the leave received by an affected employee is treated as wages for purposes of FICA, FUTA, and income tax withholding. Our HR Management […]
Driving: How Do We Properly Calculate Reimbursements?
We’re trying to straighten out our auto reimbursement policy. First, we have employees who drive their own cars between worksites each day as well as to different sites each day. The miles vary from 10 up to 100 miles in a day. Do we have to reimburse them and, if so, at what rate? We […]