Meals

[TAX]

Client is filing 1040. Has lots of meals and travel expense not reimbursed by compnay.

Can he take per dime rate deduction on 2106 or actual meal & lodging expenses?

Thanks

[ChEAr$]

per diem will be fine, but....

Client is filing 1040. Has lots of meals and travel expense not reimbursed by compnay.

Can he take per dime rate deduction on 2106 or actual meal & lodging expenses?

Thanks

if the company had a reimbursement plan in place and he failed to take advantage of
said reimbursement, then no deductions.

[TAX]

if the company had a reimbursement plan in place and he failed to take advantage of
said reimbursement, then no deductions.

Company had no plan. Can't he take as employee business expenses not reimbursed?

[lbbwest]

"Has lots of meals and travel expense not reimbursed by compnay."

IF qualified put on 2106 subject to 2% AGI

[Bill Tubbs]

If qualified...

Client is filing 1040. Has lots of meals and travel expense not reimbursed by compnay.

Can he take per dime rate deduction on 2106 or actual meal & lodging expenses?

Thanks

If expenses are qualified (see other posts)

Meals: per diem OR actual

Lodging: actual


Bill

[TAX]

if the company had a reimbursement plan in place and he failed to take advantage of
said reimbursement, then no deductions.

New information:

This client has $24,000 in travel expenses and his total income is 64295 (AGI)

It means his expenses are 37% of AGI. Nothing else on return. Single.
No itemization except this travel expense. He has H1 visa - consultant

[jainen]

seems extravagant

>>his expenses are 37% of AGI<<

That seems extravagant. In what way is it an ordinary and necessary expense?

[TAX]

>>his expenses are 37% of AGI<<

That seems extravagant. In what way is it an ordinary and necessary expense?

He is a w-2 employee on H1. His company wants him to travel but does not reimburse!
So company is taking advantage of him. He does not have a choice. He can not work for someone else either! (H1)

Here is my caclulation:
HIS AGI = 64,295
Taxes = (16121)
Travel Expense = (24000)

Net take home = 24,174 for the year!

[jainen]

a tax issue

>>He does not have a choice<<

You mean, I suppose, that he doesn't LIKE his other choices. That's not really a tax issue.