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What is substantiating and why is it important for flight crew taxes?
In EZPerDiem, substantiating is optional, but recommended. Substantiating means that you properly record an expense. It is one thing to say you had $200 in van driver tips last year. It is another to have them properly written in a format that shows when they occurred, how much they were, and why they are deductible. The latter is what will stand up to IRS scrutiny if you are ever audited. EZPerDiem makes it simple to substantiate your flight crew expenses. Just click on the expense icon next to the date of an expense on the Layover Entry Page. This will open a window that will allow you to enter all of the those details.
Everything seems to have worked okay. It almost seems too good to be true! I came out with $8,200 or so and per diem reimbursed of about $5,800, so I guess the difference is $2,400. That should save me about $450 or $500. Gotta love that!
-Keith
What a great site! This was the first year I decided to add the per diem to the tax write offs.....What was I thinking? I just wanted to let you know that your site worked great!
-Jeff
I really find this to be a great service - it is so quick and easy - Thanks!
-Dianne
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