Tax news October 2012 | AccountingWEB

Tax news October 2012


IRS Freezes Per Diem Rates for 2013

Now that new per diem rates for business travelers have been released, there's a definite chill in the air. The IRS has announced the rates for the government's 2013 fiscal year have been frozen at the same levels as last year.

45 States Have More Time to Replace Livestock

Farmers and ranchers who previously were forced to sell livestock due to drought, have an extended period of time in which to replace the livestock and defer tax on any gains from the forced sales, the IRS announced.


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