When you own 10% or more of the corporation, your corporation must reimburse you using the actual costs you incur for lodging. The corporation can reimburse your meals based on the Federal per diem rate (Rev. Proc 2011-47, Sec. 6.07).
As the sole owner of an S corporation, you are required to travel overnight on business. The corporation reimburses your expenses for meals and lodging. Is the corporation allowed to reimburse you using the Federal per diem rates?
Modified on: Sun, 5 Feb, 2017 at 8:43 PM
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