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    wildant's Avatar
    wildant Posts: 1, Reputation: 1
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    #1

    Feb 8, 2012, 07:40 AM
    Independent Contractor - OCONUS receives per diem
    I am an independent Contractor residing in Venezuela. My contract was to provide 60 day TDY's to Bogota, Colombia. I receive a modify per diem while there. I receive a total of $325. The actual per diem for Bogora is: Lodging 277 and M&IE is $105 per day. I have read that I can take the OCONUS M&IE ($105) per day as a flat rate. For Lodging/Laundry/Taxies etc. I need to account or keep receipts. Is this true or can I take the whole $325 received for per diem per day as a deduction, or can I take the whole $382 actual OCONUS per diem rate for deduction So far, I have kept all receipts and taken the flat $105 M&IE and then actual's for Lodging etc. Thanks
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 10, 2012, 01:57 AM
    You must claim your ACTUAL lodging cost and claim the $105 M&IE per diem rate.
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