HI ALL,
The new Per Deim rates have not changed form Oct 1, 2012 through September 30, 2013
They Are As Follows
SECTION 3. SPECIAL M&IE RATES FOR TRANSPORTATIONINDUSTRY
The specialM&IE rates for taxpayers in the transportation industry are $59 for anylocality of travel in the continental United States (CONUS) and $65 for anylocality of travel outside the continental United States (OCONUS). See section 4.04 of Rev. Proc. 2011-47.
Remember the Per Deim is a reimbursement for Meals only,
Hotels are allowed and deducted on a separate line in the tax schedule.
If you want to take advantage of the Canadian Per Deim Rate, it must be kept acturately to the time you cross the border to the time you actually return. It might be for only 1-4 hours if you have to deliver in Windsor, ON only. and come right out Empty. All of The time spent in Canada must be added separately and together to recieve the per diem for every trip , itmight only be 5 days total for the year but its $52.00 of the $65.00 that you are entitle to you as a deduction.
Web Site: File Your Return Online
Franklin Katz, ATP, PA, PB,
Providing Professional Accounting, Bookkeeping, Payroll and Income Tax Preparation Services
*Circular 230 Disclaimer: To ensure compliance with Treasury Regulations governing written tax advice, please be advised that any tax advice included in this communication, including attachments, is not intended, and cannot be used, for the purpose of (i) avoiding any federal tax penalty or (ii) promoting, marketing, or recommending any transaction or matter to another person.
Confidentially Notice: This email message is If you have received this message in error and are not the intended addressee, please advise the sender by reply email and delete this message immediately.
*The IRS does not endorse any particular individual tax preparer. For more information on tax return preparers go to IRS.gov
The new Per Deim rates have not changed form Oct 1, 2012 through September 30, 2013
They Are As Follows
SECTION 3. SPECIAL M&IE RATES FOR TRANSPORTATIONINDUSTRY
The specialM&IE rates for taxpayers in the transportation industry are $59 for anylocality of travel in the continental United States (CONUS) and $65 for anylocality of travel outside the continental United States (OCONUS). See section 4.04 of Rev. Proc. 2011-47.
Remember the Per Deim is a reimbursement for Meals only,
Hotels are allowed and deducted on a separate line in the tax schedule.
If you want to take advantage of the Canadian Per Deim Rate, it must be kept acturately to the time you cross the border to the time you actually return. It might be for only 1-4 hours if you have to deliver in Windsor, ON only. and come right out Empty. All of The time spent in Canada must be added separately and together to recieve the per diem for every trip , itmight only be 5 days total for the year but its $52.00 of the $65.00 that you are entitle to you as a deduction.
Frank’s Tax and Business Service
120 York RD Kings Mountain,
NC120 York RD Kings Mountain,
28086-3151
(704) 739-4039 Fax: (704) 739-3934
e-mail: [email protected](704) 739-4039 Fax: (704) 739-3934
Web Site: File Your Return Online
Franklin Katz, ATP, PA, PB,
Providing Professional Accounting, Bookkeeping, Payroll and Income Tax Preparation Services
*Circular 230 Disclaimer: To ensure compliance with Treasury Regulations governing written tax advice, please be advised that any tax advice included in this communication, including attachments, is not intended, and cannot be used, for the purpose of (i) avoiding any federal tax penalty or (ii) promoting, marketing, or recommending any transaction or matter to another person.
Confidentially Notice: This email message is If you have received this message in error and are not the intended addressee, please advise the sender by reply email and delete this message immediately.
*The IRS does not endorse any particular individual tax preparer. For more information on tax return preparers go to IRS.gov