Lloyd Conley, MBA, EA, The Woodlands, TX helps taxpayers who have civil issues with the IRS; such as Collections, non-filing, penalties, non-payment, Trust Fund Penalties, payroll tax issues, etc.
Many taxpayers spend too much time trying to gather all the receipts when they travel for business. There’s a much easier and more effective way.
The Internal Revenue Service issued new per diem rates for business travelers to use for lodging, meals and incidental expenses, effective Oct. 1, 2019.
Here’s what to do and why:
- Keep the major receipts to prove your business trip, like airfare, lodging, purpose, and who you did business with. That should be easy and routine.
- Forget the nickels and dimes expenses, ground transportation, tips, and food. It’s trivial anyway.
- Use the IRS per diem rates when reporting expenses on your tax return.
- It’s much easier. No arduous record keeping.
- It more than covers expenses, including incidentals, often giving a better deduction anyway.
- It’s a kind-of safe harbor with the IRS. No issues here
There you go! Easy does it!
Contact Lloyd Conley, EA
10603 W Sam Houston Pkwy N, Ste 225
Houston, TX 77064