CCH Tax News Headlines - October 3, 2011

CCH Tax News Headlines - October 3, 2011 _IRS Updates Rules on Using Per Diem Rates to Substantiate Expenses Incurred Away from Home (Rev. Proc. 2011-47)_

Posted on _10/03/2011_ by _CCH_ The IRS has updated the rules for determining the amount of an employee?s ordinary and necessary business expenses for lodging, meals, and incidental expenses while traveling away from home that are deemed substantiated under Code Sec. 274(d) and Reg. §1.274-5. ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _Special Per Diem Rates for 2011-2012 Provided (Notice 2011-81)_ Posted on _10/03/2011_ by _CCH_ The IRS has provided the special per diem rates for taxpayers to use to substantiate ordinary and necessary business expenses incurred while traveling away from home. The guidance provides the special transportation industry meal and incidental expenses rates (M&IE), the ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ _President Signs Temporary Government Funding Bill Through October 4_ Posted on _10/03/2011_ by _CCH_ President Obama on September 30 signed the Continuing Resolution Act, 2012 (HR 2017), which provides fiscal year 2012 appropriations for the IRS and other federal agencies through October 4, 2011. The temporary funding measure will give Congress enough time to ? _Continue reading ?_ Posted in _Federal Tax Headlines_ | _Leave a comment_ STATE TAX HEADLINES _? Older posts_

_Illinois ~ Multiple Taxes: Temporary Amnesty on Certain Cook County Taxes Announced_

Posted on _10/03/2011_ by _CCH_ The County Board of Cook County, Illinois, launched a new initiative on September 29, 2011, to identify unregistered individuals and businesses that are delinquent in paying to the Cook County Department of Revenue taxes on the following: alcoholic beverages, amusement, ? _Continue reading ?_ Posted in _State Tax Headlines_ | _Leave a comment_

_Alaska ~ Property Tax: Provision of Greater Exemption for Married Couples Than Same-Sex Couples Found Discriminatory_

Posted on _10/03/2011_ by _CCH_ An Alaska Superior Court has ruled in favor of taxpayers who contended that a real property tax exemption that conferred a greater benefit on married couples than on other property co-owners discriminated against them based on their sexual orientation. The ? _Continue reading ?_ Posted in _State Tax Headlines_ | _Leave a comment_