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farder
Joined: 31 Oct 2007
Posts: 69
Location: Redneck Riviera
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| Posted: Thu Apr 10, 2008 8:13 pm Post subject: Why Do They Call It "Per Diem" |
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And then pay it PER MILE?
Lying bastards, all of them. |
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Malaki86
Joined: 28 Aug 2004
Posts: 2025
Location: West Virginia
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| Posted: Thu Apr 10, 2008 8:23 pm Post subject: |
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| Umm - no - Per Diem stands for Per Day |
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farder
Joined: 31 Oct 2007
Posts: 69
Location: Redneck Riviera
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| Posted: Thu Apr 10, 2008 8:29 pm Post subject: |
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Malaki86 wrote: Umm - no - Per Diem stands for Per Day
Exactly my point. BUT your company pays it per mile, not per day. It's a total screw job. |
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Malaki86
Joined: 28 Aug 2004
Posts: 2025
Location: West Virginia
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| Posted: Thu Apr 10, 2008 8:49 pm Post subject: |
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The federal government set up the per diem, which allows $52 PER DAY to be deducted for living expenses on the road. The company didn't set this up. Also, most companies don't require you to take it.
You should be complaining about the IRS, not the companies. |
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farder
Joined: 31 Oct 2007
Posts: 69
Location: Redneck Riviera
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| Posted: Thu Apr 10, 2008 8:56 pm Post subject: |
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| The companies say they pay you "per diem" which they don't. They pay you a "per mile". Say it's 10 cents per mile "per diem" and you run 200 miles that day. You get $20 whereas the govt would allow you $52. It's a screwjob. |
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Kurbski
Joined: 08 Jun 2007
Posts: 326
Location: I-4 & I-95
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| Posted: Thu Apr 10, 2008 8:58 pm Post subject: |
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Malaki86 wrote: The federal government set up the per diem, which allows $52 PER DAY to be deducted for living expenses on the road. The company didn't set this up. Also, most companies don't require you to take it.
You should be complaining about the IRS, not the companies.
Good point Mal. Maybe this is cfm's clone or something. :D |
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Phantom433a
Joined: 28 May 2007
Posts: 317
Location: Chino Valley, Az
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| Posted: Thu Apr 10, 2008 9:35 pm Post subject: |
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farder wrote: The companies say they pay you "per diem" which they don't. They pay you a "per mile". Say it's 10 cents per mile "per diem" and you run 200 miles that day. You get $20 whereas the govt would allow you $52. It's a screwjob.
You can still claim the other $32 per day on your taxes.....how are you getting screwed? |
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TK THE TRUCKER
Joined: 11 Jul 2004
Posts: 836
Location: NEAR ROCHESTER, NY
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| Posted: Thu Apr 10, 2008 9:41 pm Post subject: |
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| At the end of the year you figure out how many days you were out times the IRS per diem and subtract from that what your company paid you and claim the difference on your tax return. At least that's how I got it figured. 8) 8) |
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headborg
Joined: 06 Nov 2007
Posts: 1105
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| Posted: Thu Apr 10, 2008 11:32 pm Post subject: |
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farder wrote: The companies say they pay you "per diem" which they don't. They pay you a "per mile". Say it's 10 cents per mile "per diem" and you run 200 miles that day. You get $20 whereas the govt would allow you $52. It's a screwjob.
I'd say if you're only running 200 miles per day-- that's the real screwjob
At least they give you plenty of time to read & make phone calls:
Changing Lanes
Trucker Connection
RPM |
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Malaki86
Joined: 28 Aug 2004
Posts: 2025
Location: West Virginia
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| Posted: Fri Apr 11, 2008 3:19 am Post subject: |
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| LOL - nice point there!!! |
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finger_lakes
Joined: 17 Apr 2007
Posts: 18
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| Posted: Fri Apr 11, 2008 6:15 am Post subject: |
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| I think it means "For Suckers" in Latin |
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countryhorseman
Joined: 04 Jan 2005
Posts: 708
Location: The Great State of Texas - Seguin
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| Posted: Fri Apr 11, 2008 8:58 am Post subject: |
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Personally I have never excepted a company per diem plan! Over the last few years, several companies have gotten in big trouble with the IRS for calculating it by the mile! Link to the ruling: http://www.irs.gov/pub/irs-drop/rr-06-56.pdf
When the driver goes to do their taxes, and find the company actually paid too much, the IRS disallows both types of calculation, and the driver is screwed with more taxes!
The rate for individuals that follow under Hours of Service Regulation, year 2007 was $52.00/day and the driver may claim 75% for days out overnight under the IRS rules.
Quoted from the IRS website, publication 529:http://www.irs.gov/publications/p529/ar02.html#d0e1703
"Meals when subject to “hours of service” limits. You can deduct 75% of your business-related meal expenses if you consume the meals during or incident to any period subject to the Department of Transportation's “hours of service” limits. You apply this 75% limit before you apply the 2%-of-adjusted-gross-income limit. |
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TomB985
Joined: 14 Sep 2006
Posts: 214
Location: Columbus, OH
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| Posted: Sat Apr 12, 2008 10:19 am Post subject: |
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| Don't feed the trolls!!!!! :twisted: |
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