Thanks jdbofky.
Type: Posts; User: speedy; Keyword(s):
Thanks jdbofky.
Yes I agree that the .14 covers gas only, but I believe that is because the IRS doesn't allow you to deduct general repair and maintenance expenses, depreciation, registration fees, or the costs of...
Pub 463(2015): https://www.irs.gov/publications/p463/ch06.html
Per diem or mileage allowance exceeds the federal rate: Adequate accounting up to the federal rate only and excess not returned. The...
That's what that CPA said, I asked three CPA's and they all said they felt anything over .14 should be taxable...I didn't want to make it a one sided argument...thats why i left that out..
I'm fine with paying whatever it should be...the problem is I don't know what the amount should be. I asked because I read that anything above $.14 is certainly allowed, but it should be considered...
I have a question related to what rate to reimburse a volunteer who used their personal vehicle for a trip to take some of the youth group on a retreat. The mileage was close to 500 miles. They...
I got a brief overview from the previous treasurer but I don't believe so. All I know is what I detailed above... The church was in support of him going but he basically sought out the opportunity...
my concern is the statement from the church saying what he paid, and was reimbursed was actually not charitable. He basically gave money and was reimbursed so he'd get a statement saying the first...
To clarify:
The gentleman paid $3k for the trip (personally), then paid $3k to church, which was reimbursed. So the church only paid $3k total. He's only trying to claim 3k. The second $3k was a...
I think I know the answer to this, but I'd like some assurance on my interpretation.
I recently assumed a position as treasurer of my church. In 2015 a gentleman went on a missions trip and paid...
Thanks for the well written response!
In a situation similar to Robert Jones vs Commissioner of Internal Revenue (C743 F. 2d 1429), would the award still not be taxed? From the research I've done it appears that requirment 3 of IRC 74...