Trucking companies have to pay taxes in a variety of manners to many government entities. There’s IRP, IFTA,…
What is Per Diem?
Per Diem is Latin for “by the day.” In the federal tax world, it represents the expense that an employee would need to work out of location for work. Expenses like food. Every employee working out of location is entitled to up to $66, 80% of which can be written off for tax purpose.
