IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses
- IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses
A document published by the Internal Revenue Service that provides details on which business expenses may be deducted from individual or self-employment tax obligations. Deductions for travel, entertainment, gifts or transportation-related expenses are available for items considered to be ordinary (accepted as common in a particular business) and necessary (helpful or appropriate for a particular business).
IRS Publication 463 is not for corporations, partnerships, trusts or employers who reimburse their employees for business expenses. The document is for employees who were not fully reimbursed for all business-related expenses.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
IRS Publication 535 - Business Expenses — A document published by the Internal Revenue Service (IRS) that provides guidance on what types of business expenses are and are not deductible. IRS Publication 535 covers the rules for deducting business expenses, and outlines the most common… … Investment dictionary
Per diem — Per diem, is Latin for per day or for each day . It usually refers to the daily rate of any kind of payment. It may also refer to a specific amount of money that an organization allows an individual to spend per day, to cover living and… … Wikipedia
India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… … Universalium
