I am planning on becoming a traveler in October and have run across some agencies that pay "tax free monies" and some who do not. Does anyone know the IRS publication # that deals with this issue? I would like to research the details before deciding on an agency.
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Tax free monies
Started by tricialetizia, Jul 27 2004 10:57 PM
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Posted 09 August 2004 - 01:20 PM
The tax free meal per diem is a benefit to medium to large established companies. Beware of companies that have never heard of it or say that it is bad for the nurse. Generally this is a good messure of size and quality of the travel company.
Here is the website explaining the tax advantage program. With an increasing trend towards the use of short term travel, the use of per diems is also on the rise. It is vital that companies pay close attention to the structuring to ensure beneficial tax treatment for their short term travelers. For travel assignments intended to last less than a year, expense reimbursements can be provided tax-free to the employee. Payments to employees for reasonable and necessary expenses while traveling overnight away from home on the employer's business are not taxable to employees, provided these payments are made under a reimbursement or other expense allowance arrangement that qualifies as an "accountable plan." Likewise, employer payments of food and lodging expenses for employees who are temporarily assigned to a distant job location, which precludes their daily return to their regular workplace, are excluded from income.
http://www.irs.gov/pub/irs-pdf/p1542.pdf
Access Nurses
Michelle Barry
Account Manager
Ph: 866-687-7390 ext 13
Fax: 866-350-2831
MichelleB@accessnurses.com
www.accessnurses.com
6540 Lusk Blvd, Suite C200
San Diego CA, 92121
Here is the website explaining the tax advantage program. With an increasing trend towards the use of short term travel, the use of per diems is also on the rise. It is vital that companies pay close attention to the structuring to ensure beneficial tax treatment for their short term travelers. For travel assignments intended to last less than a year, expense reimbursements can be provided tax-free to the employee. Payments to employees for reasonable and necessary expenses while traveling overnight away from home on the employer's business are not taxable to employees, provided these payments are made under a reimbursement or other expense allowance arrangement that qualifies as an "accountable plan." Likewise, employer payments of food and lodging expenses for employees who are temporarily assigned to a distant job location, which precludes their daily return to their regular workplace, are excluded from income.
http://www.irs.gov/pub/irs-pdf/p1542.pdf
Access Nurses
Michelle Barry
Account Manager
Ph: 866-687-7390 ext 13
Fax: 866-350-2831
MichelleB@accessnurses.com
www.accessnurses.com
6540 Lusk Blvd, Suite C200
San Diego CA, 92121
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