The Tax Professionals Blog
IRS Discontinues Opposition To Excluding Qualified Medicaid Waiver Payments
Posted by Lee Reams II on
The IRS announced that it is discontinuing its historical opposition to this exclusion and will now treat Medicaid waiver payments as excludable regardless of whether care provider is related or unrelated to eligible individual.
California Competes Tax Credit
Posted by Lee Reams II on
The California Competes Tax Credit is an income or franchise tax credit available to businesses that come to California or stay and grow in California.
Independent Contractor’s Travel Expenses Denied
Posted by Lee Reams II on
The Tax Court denied his deductions for transportation and other auto-related expenses involving travel between his residence and various worksites.