Perplexed by forced per diem option?

I was about to point that out. The way most companies structure it, they get your refund basically.

 

Please explain how the company gets your refund.

 

LOL, yeah, I can't wait for this explanation!

Can't believe there are still so many negative comments on PD, I guess some of these guys would rather push untruths around than to really sit down with pen and paper and figure it out, or at the very least, contact a reliable tax accountant that specializes in trucking.

 

For mortgage applications, and car loans.........wanna try that with your taxable income after perdium or your income before you take all your trucker deductions?

 

Any loan agent worth a #### should be able to take into account the PD that was left out.

 

It's not income! BTW tell me about worker comp when it is based on 60% of your INCOME?

 

Do you get the money? Yes. Can you spend it? Yes. It's income. Just not taxable income.

 

This thread makes my head hurt,

 

It means less money in a worker comp check.......yes or no? Of course you can spend the money duhhhhhhhh. Will it count on a loan app? No! It isn't.

Unless you are a loan officer, or can copy and paste guidlines for them? All truck stop accounting!

 

Yes, it will mean less in a workman's comp check, or an unemployment check.

If, however, you are making the decision not to take paid per diem because workman's comp and unemployment compensation are an important part of your financial life, then nothing I can say will help you.