O/O newbie tax question. Per diem expenses?

Discussion in 'Trucker Taxes and Truck Financing' started by Waterfowler, Mar 17, 2009.

  1. Waterfowler

    Waterfowler Bobtail Member

    18
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    May 6, 2008
    Montrose, CO
    0
    2008 was my first full year as an owner operator and I have a question about claiming per diem expenses. I drive local within a 250 mile radius and rarely spend the night in my truck except for one month during the summer. I do work long hours though, typically 6 hours freeway driving and 8 hours of making drops and pickups. Can I even claim them as a non-OTR driver? And if I can, do you think it would be fair to ask for $12 a day per diem costs. Should I ask for more?
     
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  3. Roadmedic

    Roadmedic Road Train Member

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    Per diem is for food when away from the tax home for over night.

    Otherwise, you would be the same as any other commuter.
     
  4. Waterfowler

    Waterfowler Bobtail Member

    18
    1
    May 6, 2008
    Montrose, CO
    0
    Well I do work all night and morning long. Most of my time, including meals, are spent in the truck 150 miles away.
     
  5. Roadmedic

    Roadmedic Road Train Member

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    It is to cover food expense for the transportation worker who lives in the truck and does not go home every day.
     
    Waterfowler Thanks this.
  6. Waterfowler

    Waterfowler Bobtail Member

    18
    1
    May 6, 2008
    Montrose, CO
    0
    Oh well, it was an option worth exploring. I guess I will only tell my accountant to deduct the per diem expenses for the one month I am OTR. Anyway, this is one year I don't really want to bring my net income down so much that it makes the lenders nervous because I am already house shopping and plan on buying soon.
     
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