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May 24, 2013

IRS Guidance on Travel

Armstrong Teasdale LLP
Robert Lewis Jackson
Armstrong Teasdale
Thursday, October 13, 2011
Corporate & Business Organizations / Labor & Employment / Tax / Utilities & Transport
All Federal / All States
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The Internal Revenue Service has updated its guidance concerning travel in two important ways. First, there are new rates for substantiating business travel expenses with per diem allowances, rather than with actual expenditures. Second, there are new SIFL (standard industry fare level) rates for determining an employee's income from using an employer's aircraft for non business travel. 

IRS Circular 230 Notice
Internal Revenue Service regulations state that only a formal opinion that meets specific requirements can be used to avoid tax penalties. Any tax advice in this communication is not intended or written to be used, and cannot be used by a taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer, because it does not meet the requirements of a formal opinion. 

© Copyright 2013 Armstrong Teasdale LLP. All rights reserved

About the Author

Robert Lewis Jackson
Senior Counsel

Bob Jackson is leader of the Tax, Employee Benefits, and Trust & Estates practice, a group he established when he joined the firm in 1969. He develops strategies with businesses, individuals, and non-profit entities to maximize their resources, sustain profitable growth, and reduce tax obligations.

rjackson@armstrongteasdale.com
314-621-5070 ext. 7353
www.armstrongteasdale.com/robert-lewis-jackson

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