Daily Document Update: HR Compliance Library, ¶46,391, 2020 per diem rates issued for travel expense reimbursements — AGENCY REGULATION, (Sept. 30, 2019)

摘要

The IRS has provided the 2019-2020 special per diem rates for taxpayers to use to substantiate ordinary andnecessary business expenses incurred while traveling away from home. The guidance provides the specialtransportation industry meal and incidental expenses (M&IE) rates, the rate for the incidental expenses onlydeduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.Taxpayers using the rates and list of high-cost localities provided must comply with Rev. Proc. 2011-47, I.R.B.2011-42, 520.