Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses (Notice 2017-54). The new rates will be in effect from Oct. 1, 2017, to Sept. 30, 2018. Sally Schreiber, Journal of Accountancy senior editor, explains.
To read the full article in the Journal of Accountancy, click: IRS Updates Special Per-Diem Rates for Business Travel.
