Brent L. Solomon, Enrolled Agent
4917 Piedmont Parkway, Suite 103
Jamestown, NC 27282
Office: 336-834-3739
Fax: 336-834-3739
Website: www.1040.com/brentsolomon
"Call us for a Less Taxing Experience"
IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing, or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
__._,_.___-----Original Message-----
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com]On Behalf Of Marc Enzi
Sent: Wednesday, November 12, 2008 8:52 AM
To: taxchat@yahoogroups.com
Subject: RE: [taxchat] Re: TRUCK DRIVER'S PER DIEM.
If it helps, there is a Per Diem Calculator on line that will calculate per diem for truck drivers or anyone and will calculate appropriately for DOT or non DOT.
The Schedule A line 21 answer is free, the substantiation isn’t but it makes the purchase decision straightforward.
Marc
From:
taxchat@yahoogroups [mailto:.com taxchat@yahoogroups ] On Behalf Of John Stevens, Equi-Tax.com
Sent: Tuesday, November 11, 2008 5:53 PM
To:taxchat@yahoogroups .com
Subject: RE: [taxchat] Re: TRUCK DRIVER'S PER DIEM.
Right, Arnie, 75% deductible. It’s a special break for OTR truckers and other workers in interstate commerce, besides the $52 per diem rate. The $52 rate means they don’t have to keep track of where they are like other business people do - just be able to document that they were traveling out of town overnight
John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax1870 - 50th St. E., Suite 8 , Inver Grove Heights MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software. com
www.equitax.net
From:
[mailto: taxchat@yahoogroups .com ] On Behalf Of Arnold M. Socol taxchat@yahoogroups .com
Sent: 11/11/2008 5:17 PM
To:taxchat@yahoogroups .com
Subject: Re: [taxchat] Re: TRUCK DRIVER'S PER DIEM.
John, thank you - the $52 per diem then is 50% deductible on form 2106 or 75% deductible per Debbie?
Arnie
----- Original Message -----
From: John Stevens, Equi-Tax
Sent: 11/11/2008 6:05 PM
Subject: RE: [taxchat] Re: TRUCK DRIVER'S PER DIEM.
Steve,
The $52 rate is a special rate for workers in interstate commerce, including OTR truckers, and is only for meals and incidentals, and does not include lodging. They don’t need to document the amount of the meals & incidentals, but they do need to prove lodging. Lodging usually isn’t much of a factor for truckers because they sleep in their trucks most of the time. The $52 rate changes from time to time, so practitioners need to confirm the rate for the year or years involved. When the rate is adjusted, it usually changes effective October 1st, so in many cases you will have 2 rates for the year. John Stevens, EA
Stevens Tax & Accounting, Inc., dba Equi-Tax1870 - 50th St. E., Suite 8 , Inver Grove Heights MN 55077
651-773-5000
FAX 651-457-4529
equitax@unique-software. com
www.equitax.net
From:
[mailto: taxchat@yahoogroups .com ] On Behalf Of Steve Brann taxchat@yahoogroups .com
Sent: 11/11/2008 4:49 PM
To:taxchat@yahoogroups .com
Subject: [taxchat] Re: TRUCK DRIVER'S PER DIEM.Arnie,
I usually check with the driver and get a feeling for how much they
spend per day on meals and I use this figure. Hopefully they have
saved the receipts. That is why I check the Cities, for instance,has a per diem of $182 per day the last time I checked. If New York
you are spliting out the food the travel expense line reduces. At
that rate, $52 doesn't get very far.
Steve
-- In taxchat@yahoogroups.com , "Arnold M. Socol" <waymeans@...> wrote:
>
> Steve, Thanks, If its $52 a day per diem, then how do you allocate
between meals and lodging, etc???
>
> Arnie
>
>
>
>
> ----- Original Message -----
> From: Steve Brann
> To: taxchat@yahoogroups.com
> Sent: 11/11/2008 5:35 PM
> Subject: [taxchat] Re: TRUCK DRIVER'S PER DIEM.
>
>
> Arnie,
>
> If they are gone over night they can take the per diem. You
should
> probably check the cities most commonly visited as some are way
over
> $52. $52 is pretty safe though. Use the 2106 and remember to put
> meals under the separate area on the 2106.
>
> Steve
>
>
>
>
> Arnie Socol
> President
> Ways & Means, Inc.
> 845-562-6070
>Arnie Socol
President
Ways & Means, Inc.
845-562-6070
IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
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