If you're not getting paid per diem from the company .. and you're not working in your metro home area ... are you allowed to claim the max amount on the table for the area you're working in?
Thanks!
2007-01-30 05:39:26 · 3 answers · asked by pugsly8423 2 in Business & Finance ➔ Taxes ➔ United States
Does anyone have any idea?
2007-01-31 05:12:08 · update #1
Reporting your expenses with a per diem or car allowance. If your reimbursement is in the form of an allowance received under an accountable plan, the following facts affect your reporting.
The federal rate.
Whether the allowance or your actual expenses were more than the federal rate.
The following discussions explain where to report your expenses depending upon how the amount of your allowance compares to the federal rate.
Allowance less than or equal to the federal rate. If your allowance is less than or equal to the federal rate, the allowance will not be included in box 1 of your Form W-2. You do not need to report the related expenses or the allowance on your return if your expenses are equal to or less than the allowance.
However, if your actual expenses are more than your allowance, you can complete Form 2106 and deduct the excess amount on Schedule A (Form 1040). If you are using actual expenses, you must be able to prove to the IRS the total amount of your expenses and reimbursements for the entire year. If you are using the standard meal allowance or the standard mileage rate, you do not have to prove that amount. (See examples at the source I listed for more help)
2007-02-06 07:57:15 · answer #1 · answered by hank12x6 1 · 0⤊ 0⤋
how much is the per day per diem for a truck driver i dont get per from my company.thank u
2007-02-01 08:30:34 · answer #2 · answered by richard d 1 · 0⤊ 0⤋
not to sure
2007-02-03 18:59:03 · answer #3 · answered by jerry 7 · 0⤊ 0⤋