FYI

Fkatz

Veteran Expediter
Charter Member
THE NEW PER DIEM RATE FOR ALL DRIVERS IS $41.00, U.S. AND $46.00 CANADA. AS OF NOVEMBER 1, 2003
SO IF YOUR ACCOUNTANT OR TAX PREPARER DID NOT TAKE THE NEW DIEM AS OF NOVEMBER 1, YOU WOULD BE ENTITLED TO IT AND FILE AN AMENDED RETURN.
EVEN THOUGH ITS ONLY A DOLLAR PER DAY IT STILL WOULD GIVE YOU 61 DAYS MAXIMUN AT THE NEW RATE. THAT IS ALSO FOR CANADA, FROM $45.00 TO $46.00 PER DAY LOGGED.
FOR THOUGHS OF YOU WHO TRAVEL INTO CANADA, DID YOUR PREPARER OR ACCOUNTANT GIVE YOU THE $45.00 PER DAY FROM JANUARY 1, TO OCT 31ST. AND $46.00 PER DAY FROM NOVEMBER 1, THRU DECEMBER 31ST. tHIS WAS ALL SUBJECT TO 65% NO MATTER WHERE YOU ARE. IF YOUR PREPARER ONLY GAVE YOU 50% TELL THEM THEY DID NOT TAKE YOUR ALLOWED DEDUCTION AND AMEND YOUR RETURN. ITS 65% FOR 2003 AND 70% FOR 2004/O5, 75% 2006/07, AND BACK TO THE ORIGINAL 80% FOR 2008 AND BEYOND UNLESS THE GOVERMENT PASSES NEW LAWS AND THEY CHANGE THAT ALSO.

FRANK KATZ
FRANK'S TAX & BUSINESS SERVICES
[email protected]
 
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