IRS Streamlines Per Diem Substantiation

We’ve spoken before about per diems. These allow taxpayers to history for lodging, meals, and incidental expenses using a location-specific safe harbor, rather than having to tabulate actual expenses paid. These per diems are available to the self-employed and for employees. An fundamental consideration is substantiation, or demonstrating sufficiently that a per diem expense was incurred. In a Revenue Ruling 2007-63 ,

the IRS has determined that a sufficient amount of substantiation is achieved whether the claimant shows the moment, place, and trade purpose of the travel. As with any travel, the experiment is an overnight trip at least fifty…

Original post by Ryan Ellis

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