Tax question

[Malaki86]

Ok - what form will I need to complete for the per diem tax credit? I'm a company driver, not receiving the non-taxed per-diem rate.

I looked on the IRS's site - that's just scary.

[GMAN]

I believe you are referring to the 2106 form. You can either list actual expenses or take the flat daily rate. At least I think this is what you are referring.

[Malaki86]

That's the one. Actually, when I looked it up, there's a 2106-EZ, which is more suited for company drivers since it has a lot less to fill out.

Appreciate it.

2106-EZ: http://www.irs.gov/pub/irs-pdf/f2106ez.pdf
2106: http://www.irs.gov/pub/irs-pdf/f2106.pdf

[batrucker]

Is it okay to take the per diem regular credit even if you are sleeping in the truck within 40 miles of your "home terminal" in transit to a drop-off? Was told I had to be 50 mile or more per nite to take credit and some weeks they make that pretty hard to do. I looked at Form 2106 and could not find any rules for truck drivers so glad someone could give some feedback, thanks.

[GMAN]

I don't recall anything about a certain number of miles. If you are working and away from home then I see no reason to not take the deduction. You may check the 2106 instructions and see if it mentions something. Otherwise, if it were me I would take the deduction. I had an accountant tell me once that when in doubt take the deduction.

[Ridge Runner]

It's been awhile being OTR, but does the rate still change for the deduction still change in Oct.?