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Taxbyte
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Starting January 1, 2026, meals provided for the convenience of the employer under §119 become 100% non-deductible under IRC §274(o). However, a 50% deduction on overtime meals remains under §132(e)(1) if they meet three important requirements.

Recent Taxbytes

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FinCEN announced Friday morning that beneficial ownership information (BOI) reporting requirements remain voluntary, despite Thursday’s

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IRS Commissioner Danny Werfel has stepped down from his position following a resignation letter sent

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You may have missed it during the buzz of the holiday season, but the IRS

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A federal district court has issued a nationwide injunction against the Corporate Transparency Act (CTA),

2 min read

On November 26th, the IRS issued Notice 2024-85, which provides transition relief for third-party settlement

10 min read

Recent campaign proposals from both sides of the aisle have suggested eliminating taxes on tips.

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The Internal Revenue Service has announced comprehensive tax relief for individuals and businesses affected by

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