GOT GOOD NEWS ON DEIM PAY

Fkatz

Veteran Expediter
Charter Member
EFFECTIVE OCTOBER 1, 2002
AS PER REVENUE PROCEDURE 2002-63

OLD PER DIEM RATES JANUARY 1, 2002- SEPTEMBER 30, 2002

$38.00 WITHIN THE BORDERS OF THE U. S. AND $42.00 OUTSIDE THE U.S.(CANADA) PER DAY LOGGED OUT AWAY FROM YOUR MAIN PLACE OF ABODE
(YOUR TAX HOME)

NEW DIEM RATE EFFECTIVE AS OF OCTOBER 1, 2002-DECEMBER 31, 2002

$40.00 WITHIN THE U.S. BORDERS AND $45.OO IN CANADA OR MEXICO IF YOU TRAVEL THERE, MAKE SURE YOU KEEP ACCURATE RECORD FOR BOTH WITHIN THE US. AND WITHIN CANADA OR MEXICO.

THE NEW RATE WILL CONTINUE THRU NEXT YEAR (2003) UNLESS OTHERWISE NOTED.

FOR THOSE OF YOU WHO DO NOT BELIEVE ME GO TO [WWW.IRS.GOV] AND TRY AND FIND UNDER REVENUE PROCEDURES. THIS SECTION IS 18 PAGES LONG, BUT I CANNOT COPY AND PASTE SECTION 4,ONLY, WHICH PERTAINS TO OUR INDUSTRY, TRANSPORTATION. I WOULD HAVE TO COPY AND PASTE THE COMPLETE RULING. 18 PAGES.

ALSO, AS I ALREADY POSTED THE NEW STANDARD MILEAGE RATE FOR 2003 IS $ .36 CENTS PER MILE DOWN 1 HALF A CENT FROM THIS YEAR

THE RATE FOR THIS YEAR IS 36.5 CENTS PER MILE


KEEP ACCURATE RECORDS OF YOUR DAILY MILEAGE, AND WHERE YOU ARE WEATHER YOUR IN THE US, OR CANADA THER IS A $ 5.00 PER DAY DIFFERENCE IN THE DEDUCTION FOR THE DAYS OUT......

FRANK KATZ
FRANK'S TAX & BUSINESS SERVICE
704-739-4039
fAX 704-739-3934
[[email protected]]
 

Fkatz

Veteran Expediter
Charter Member
RE: DIEM & MILEAGE DEDUCTIONS UPDATED

FOR THOUGHS OF YOU WHO HAVEN'T READ THE PREVIOUS POST
HERE A COPY OF THAT POST
 

treeman

Veteran Expediter
Charter Member
RE: DIEM & MILEAGE DEDUCTIONS UPDATED

Hi, and thanks for the info. How do you deduct for mileage? Is that for deadhead miles, or a deduction for depreciation on all miles? Thanks again for the helpful info! Ken G
 
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