Update on Rules For Per Diem Substantiation

Revenue Procedure 2010-39 updates prior guidance providing rules for employees who are reimbursed for lodging, meals and incidental expenses or meals and incidential expenses only, while traveling away from home to substantiate the expenses by per diem allowance rather than actual expense.

Document Excerpt

This revenue procedure updates Rev. Proc. 2009-47, 2009-42 I.R.B. 524, and provides rules for using a per diem rate to substantiate, under § 274(d) of the Internal Revenue Code and 1.274-5 of the Income Tax Regulations, the amount of ordinary.

Link http://www.irs.gov/pub/irs-drop/rp-10-39.pdf

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