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Thread: 1099 for per diem??
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12-11-2012, 11:08 PM #14
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I suspect that your employer MUST state the policy in writing BEFORE they do any of it.
If you are paying for the Lodging/and Per Diem directly and submitting it for "Reimbursement" then ,at least morally, the employer is considering it as a valid expense. Which is deductable on their part. However if they are paying it outright and then deciding to classify it as income then the employer cannot claim it as a deduction (i think). Sounds like a bean counter had an idea that should have been ignored and/or rejected. May be some weird way to improve the bottom line.
Had a similar debate with a former employer. They told me that they would give me a vehicle allowance rather than mileage reimbursement for use of my personal vehicle. My stand was (at the time and after consulting my tax specialist) I would only accept Mileage Reimbursement for actual miles driven in the course of my job. The only other option I was willing to accept was the company would supply me a Company Vehicle. At the time, allowed reimbursement was 31 cents a mile. It only took a couple of 1000 mile months before they saw the benefit of a company vehicle. Plus, to my benefit, reimbursement was not taxable as income at that time where the "Vehicle Allowance" was taxable as income.If sense were so common everyone would have it !
All opinions expressed are my own. Any advice provided is based on personal experience, generally accepted fact or publicly available information. As such, it is worth exactly what you paid for it, not a penny more not a penny less !!


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