Perhaps the IRS guide may help you...
A taxpayer who travels out of town, for business purposes, and has to stay overnight and/or rest in order to work can either deduct actual expenses or a per diem allowance that depends on the locality where he/she stays, and, perhaps, the time of year when he/she travels. The overnight allowance may range between $99 to $246.
Phil
http://www.phillipfostercpa.com/tax.html
2007-04-07 08:00:41
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answer #1
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answered by phillipfostercpa 3
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The term is "customary and reasonable."
By this, you stay in a nice hotel, but no necessarily the most expensive.
A beer with dinner should be ok, but a night of drinking. Gifts for those at home, no.
Some co's give you a flat amt. If you go over, you pay, if under, you keep. Some co's get billed direct, you don't even get involved.
Use it, don't abuse it.
2007-04-07 07:51:14
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answer #2
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answered by TedEx 7
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There are a lot of ifs and buts on this. Accommodation (which is a benefit in employment) can be tax-free if it is a requirement of the employment. Your best bet is to contact tax office for a ruling, as a dispensation may be able to be given to employer, which means benefit will be tax-free to employees.
2016-05-19 04:31:01
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answer #3
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answered by ? 3
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It changes from person to person !
2007-04-07 07:49:31
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answer #4
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answered by V.T.Venkataram 7
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