per diem

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  • Unregistered
    #1

    per diem

    c corp; accountable plan; shareholder-employee get $25 per diem per day for going out of town. The actual meals expenses is higher than $25. Can the c corp deductable $25 or 50% of that amount?
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    • KJ Judd
      Senior Member
      • Jan 2006
      • 328
      #2
      The 50% limitation is applied to the per diem amount. So the C Corp can deduct $12.50 in your example.

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        • OldJack
          Banned
          • Dec 2005
          • 1689
          #3
          Originally posted by KJ Judd
          The 50% limitation is applied to the per diem amount. So the C Corp can deduct $12.50 in your example.
          See my response on the other post that disagrees with this opinion.

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