Tax rules regarding remote and hybrid work arrangements need updating. That’s what the
American Institute for Certified Public Accountants (AICPA) is telling the IRS and Treasury Department. The AICPA claims that existing revenue rulings and case law interpretations don’t reflect the fact that many workers now consider their homes their “principal place of business.” This makes it difficult for employers to determine when expenses are deductible travel expenses and when they’re non-deductible commuting expenses. The AICPA recommends offering a safe harbor option with specific criteria that no longer refers to concepts such as “exclusive use.” To read the AICPA letter: https://bit.ly/3TKPVan
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