AA F/A Greed at its Best...Watch the law suits now!

[Skymess]

I could be wrong, I have been before.....but I was under the impression you can only write off up to the amount that you were paid in perdiem. For instance if you were paid 5000 in TAFB. then you can write off up to 5000 ............not 20,500 on 5000 worth of TAFB.

but who knows.....

His per diem probably was 20,500. I know how much he flies and it is all long layovers.

 

[Flyboy4u]

We have mental health counseling available.
Obviously, you are just bored and need something to bi tch about.

Last time I checked we also have retirement counselors, perhaps you should look into that as well.

 

[butchord45]

Last time I checked we also have retirement counselors, perhaps you should look into that as well.

I may have to quit this job and go into auditing for the IRS.....I would make a killing!!!

 

[butchord45]

His per diem probably was 20,500. I know how much he flies and it is all long layovers.

Ok let's do some math.....365 days a year......times 24 hours a day = 8760 hours in a year.

8760 times 2 dollars an hour per diem.....= 17,520 in per diem a year if you were gone every hour of the year.

Now that is not possible. Unless my math is wrong. :blink:

 

[kirkpatrick]

Now that is not possible. Unless my math is wrong.

We're not talking about how much someone is actually reimbursed; we're talking about how much the government allows per day in different cities. The IRS allows $167 per day in Paris, or just short of $7 per hour. We're reimbursed $1.75 per hr by the company.

Let me repeat what I said about auditing. They can audit you till the cows come home. It doesn't matter. Print up your HI1's from the ePays site and you're in the clear. All you have to show is that you did the trips. These amounts are what they allow. You only have to show receipts if you go over these amounts.

MK

 

[kirkpatrick]

Now the company has made it even easier. On the Flight Service website, under the "Base Info" tab, heading "IRS TAFB Information (2/5/2009)". You'll find the following four Sabre entries:

N*IRS TAFB 0108
N*IRS TAFB 0408
N*IRS TAFB 0708
N*IRS TAFB 1008

Enter these from RES, not DECS. The last four numbers refer to the season.

MK

 

[jersey777]

So I can provide my ticket receipts for 2008, subtract what I was reimbursed for meals/incidentals, and claim the remainder?

Cool... I spent 61 days abroad last year. The difference between what I was able to expense for meals vs. the federal rates is easily $50-100/day. That just might be enough to push me underneath the threshold for alternative minimum tax...

It is my understanding that the write offs we get for meals and incidentals as crew members are specific for workers in the transportation industry. There may be differences for others. Another example of our crazy tax laws. Read below:


For the tax year 2008, 80% of the difference between your meal
expenses calculated, based on the federal per diem rates, and the
amount reimbursed by your company is now allowed as an
employee business expense deduction.

Nearly every city in Europe has a per diem rate over $100.00 for
meal expenses! The strength of the Euro over the US dollar has
raised the federal per diem rate to nearly $150.00 for almost
every city in Europe. Based on calculations for returns we are
preparing, if you average 5 trips per month to London or Paris you
can reasonably expect to claim between $15,000 or $20,000 as a
meal expense based on the federal per diem rates.

After deducting the reimbursement from your company and
applying the meal expense percentage for employees in the
transportation industry, an individual in the 15% marginal tax
bracket would receive an additional $1,000 to $1,500 refund. If
you are in the 25% marginal tax bracket, that additional refund
amount would increase to between $1,750 and $2,500!

 

[jersey777]

Ok let's do some math.....365 days a year......times 24 hours a day = 8760 hours in a year.

8760 times 2 dollars an hour per diem.....= 17,520 in per diem a year if you were gone every hour of the year.

Now that is not possible. Unless my math is wrong. :blink:
[/qu



Aren't you the one that thinks the APFA can do no right? Your ignorance on this tax issue explains alot to me. You'd better have a professional do your taxes and educate you.

 

[kirkpatrick]

Aren't you the one that thinks the APFA can do no right?

What does APFA have to do with this?

MK

 

[butchord45]

What does APFA have to do with this?

MK

If you don't drink from the blessed fountain that dispenses the APFA Kool Aid....and bow down to the leadership of APFA no questions asked....then you are ridiculed.

That's what APFA has to do with it.

h34r:

 

[Ralph]

This thread has wandered way off course. It's time to say adios to it.