HI ALL AGAIN,
JUST GOT SOME IMPORTANT INFORMATION CONCERNING THE PER DIEM DEDUCTION WHICH WAS UPDATED. IN PUBLICATION # 463 TRAVEL, GIFT AND ENTERTAIMENT EXPENSES.
THE STANDARD PER DEIM DEDUCTION FOR THE FOLLOWING DATES ARE AS FOLLOWS:
JANUARY 1, 2003-OCTOBER 31, 2003 TOTALING 299 DAYS MAXIMUN
$40.00 PER DAY U.S.
$45.00 PER DAY CANADA
EFFECTIVE NOVEMBER 1, 2003-DECEMBER 31, 2003 TOTALING 61 DAYS MAXIMUN
$ 41.00 PER DAY U.S.
$ 46.00 PER DAY CANADA,
THIS YEARS PERCENTAGE IS 65% OF THE TOTAL WHICH IN TURN WILL BE THE ACTUAL DEDUCTION THAT YOU CAN TAKE. FOR 2004 THE PERCENTAGE WILL GO UP TO 70%.
AS OF THIS MESSAGE I AM NOT SURE OF WHAT THE DIEM WILL BE FOR 2004 DUE TO THE INCREASE AT THE END OF THIS PAST YEAR.
FRANK KATZ
FRANK'S TAX & BUSINESS SERVICE
226 S. CHEROKEE ST
KINGS MOUNTAIN, NC 28086
(704)739-4039
FAX: (704) 739-3934
JUST GOT SOME IMPORTANT INFORMATION CONCERNING THE PER DIEM DEDUCTION WHICH WAS UPDATED. IN PUBLICATION # 463 TRAVEL, GIFT AND ENTERTAIMENT EXPENSES.
THE STANDARD PER DEIM DEDUCTION FOR THE FOLLOWING DATES ARE AS FOLLOWS:
JANUARY 1, 2003-OCTOBER 31, 2003 TOTALING 299 DAYS MAXIMUN
$40.00 PER DAY U.S.
$45.00 PER DAY CANADA
EFFECTIVE NOVEMBER 1, 2003-DECEMBER 31, 2003 TOTALING 61 DAYS MAXIMUN
$ 41.00 PER DAY U.S.
$ 46.00 PER DAY CANADA,
THIS YEARS PERCENTAGE IS 65% OF THE TOTAL WHICH IN TURN WILL BE THE ACTUAL DEDUCTION THAT YOU CAN TAKE. FOR 2004 THE PERCENTAGE WILL GO UP TO 70%.
AS OF THIS MESSAGE I AM NOT SURE OF WHAT THE DIEM WILL BE FOR 2004 DUE TO THE INCREASE AT THE END OF THIS PAST YEAR.
FRANK KATZ
FRANK'S TAX & BUSINESS SERVICE
226 S. CHEROKEE ST
KINGS MOUNTAIN, NC 28086
(704)739-4039
FAX: (704) 739-3934