IRS Form: Draft Form 2106 for Employee Business Expenses (IRC §67)

Draft Form 2106, Employee Business Expenses, released October 15 to reflect changes to who may deduct employee business expenses after the 2017 tax act, Pub. L. No. 115-97. While the draft form is not significantly changed, the IRS noted that the form is only used by Armed Forces reservists, qualified performing artists, fee-basis state or local government officials, and employees with impairment-related work expenses. The 2017 tax act suspended all miscellaneous itemized deductions that are subject to the 2% floor for tax years beginning after December 31, 2017, and before January 1, 2026, including the deduction for ...