It took 8 years, but the IRS finally updated the Per Diem Rules!

photo of person holding pen

Photo by Acharaporn Kamornboonyarush on Pexels.com

 

Wondering when the Per Diem Revenue Procedure was ever going to be updated? Well the IRS just updated it! Click the following link to go to new IRS Revenue Procedure 2019-48 which addresses per diems.  This replaces IRS Revenue Procedure 2011-47.

https://www.irs.gov/pub/irs-drop/rp-19-48.pdf

Nice Try – Enjoy Your Audit in 2 Years

With the removal of job expenses under tax reform I have seen this scheme just like I predicted after the new tax laws were passed. It’s summed up in one really lame statement I heard:

“I make myself a 1099 worker by filing exempt from tax withholding for my W2 job and then claim all my travel expenses on a Schedule C, Self Employment Form. All my friends do it!!”

Nice try…..