Department of Treasury August 1, 2012 – Federal Register Recent Federal Regulation Documents

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Deductions for Entertainment Use of Business Aircraft

Document Number: 2012-18693

Type: Rule

Date: 2012-08-01

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document contains final regulations relating to the use of business aircraft for entertainment. These final regulations affect taxpayers that deduct expenses for entertainment, amusement, or recreation provided to specified individuals. The final regulations reflect statutory amendments under the American Jobs Creation Act of 2004 (AJCA) and the Gulf Opportunity Zone Act of 2005 (GOZA).

https://regulations.justia.com/regulations/fedreg/2012/08/01/2012-18693.html

Reimbursed Entertainment Expenses

Document Number: 2012-18691

Type: Proposed Rule

Date: 2012-08-01

Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury

This document contains proposed regulations explaining the exception to the deduction limitations on certain expenditures paid or incurred under reimbursement or other expense allowance arrangements. These proposed regulations affect taxpayers that pay or receive advances, allowances, or reimbursements under reimbursement or other expense allowance arrangements. These proposed regulations clarify the rules for these arrangements.

https://regulations.justia.com/regulations/fedreg/2012/08/01/2012-18691.html