Client travels around the country raising money for an orphanage. For days he's on the road, can I use the meal per diem rate instead of actual receipts? Then the deduction is 50% of whatever that total is. Correct??
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Schedule C and Per Diem
A business reporting on Schedule C CAN use the per diem for meals, without receipts. Since this taxpayer is NOT under DOT Hours of Service regulations, specific rates for layover points must be used. Lodging cannot be per diem, but must be actual expenses.
On those days when, and if, the taxpayer spends MORE than the per diem, the actual expenses for that day can be used. -
Correct
Your post is accurate.Comment
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